The Sindh Cabinet has scheduled a session for tomorrow (Monday) to approve the agriculture income tax, according to sources.
The meeting will take place at 9:00 AM following the federal government's recent legislation on the agriculture tax.
Parliamentary members have been informed that the bill for the enforcement of the agriculture income tax is set to be approved. Sources revealed that the government has directed the parliamentary minister to ensure the passage of the bill during the current session, which will impose the tax on farm incomes.
The agriculture income tax in Sindh could range from 15 to 45 percent annually, according to sources.
Chief Minister Murad Ali Shah stated during a parliamentary party meeting that three other provinces have already implemented the agricultural tax. He emphasized the need to align with the International Monetary Fund’s (IMF) requirements, noting that the tax is part of the conditions for Pakistan’s $7 billion bailout package. The IMF has urged the country to increase revenue, including raising taxes on agricultural income.
