Pakistan to impose 1% income tax on small retail sales
Pakistan will impose a 1% income tax on small retailers with annual sales up to 200 million rupees. The move aims to broaden the tax base under an IMF program.
Pakistan will impose a 1% income tax on small retailers with annual sales up to 200 million rupees ($719,000). The measure targets 3.5 million shops ahead of the June 10 presentation of the 2026-27 national budget. Expanding the tax base is a core requirement of the country's $7 billion IMF bailout program.
