{"id":64459,"date":"2025-02-03T14:14:49","date_gmt":"2025-02-03T09:14:49","guid":{"rendered":"https:\/\/dailyausaf.com\/en\/?p=64459"},"modified":"2025-02-03T14:14:49","modified_gmt":"2025-02-03T09:14:49","slug":"sindh-cabinet-approves-agriculture-income-tax-bill-2025","status":"publish","type":"post","link":"https:\/\/dailyausaf.com\/en\/pakistan\/sindh-cabinet-approves-agriculture-income-tax-bill-2025\/","title":{"rendered":"Sindh cabinet approves Agriculture Income Tax Bill 2025"},"content":{"rendered":"

KARACHI: The Sindh cabinet<\/a> has just approved the Agriculture Income Tax Bill 2025, as reported by ARY News, in a move to meet the conditions set by the International Monetary Fund<\/a> (IMF). <\/span><\/p>\n

The<\/span>\u00a0decision\u00a0<\/span>came<\/span>\u00a0<\/span>at<\/span>\u00a0<\/span>the<\/span>\u00a0<\/span>meeting of the provincial cabinet,\u00a0<\/span>headed<\/span> by Sindh Chief Minister Murad Ali Shah, effective<\/span>\u00a0<\/span>from January 2025.\u00a0<\/span><\/p>\n

Among<\/span>\u00a0<\/span>the\u00a0<\/span>salient<\/span>\u00a0<\/span>features<\/span>\u00a0of this bill is that\u00a0<\/span>agriculture<\/span>\u00a0<\/span>income tax\u00a0<\/span>will not be\u00a0<\/span>levied<\/span>\u00a0<\/span>on<\/span>\u00a0<\/span>livestock,<\/span>\u00a0<\/span>according<\/span>\u00a0<\/span>to<\/span>\u00a0<\/span>a<\/span>\u00a0<\/span>statement<\/span>\u00a0<\/span>by the Sindh CM.\u00a0<\/span>It would include\u00a0<\/span>the\u00a0<\/span>responsibility of the\u00a0<\/span>Sindh Revenue Board<\/a>\u00a0<\/span>in<\/span>\u00a0<\/span>collecting taxes<\/span>.<\/span>\u00a0<\/span><\/p>\n

The bill\u00a0<\/span>would\u00a0<\/span>also\u00a0<\/span>ensure<\/span>\u00a0<\/span>the<\/span>\u00a0<\/span>adjustment<\/span>\u00a0<\/span>of<\/span>\u00a0<\/span>the agriculture income tax in the\u00a0<\/span>wake<\/span>\u00a0of\u00a0<\/span>a\u00a0<\/span>natural\u00a0<\/span>disaster<\/span>.<\/span><\/p>\n

Penalty<\/span>\u00a0<\/span>would<\/span>\u00a0<\/span>also<\/span>\u00a0<\/span>be\u00a0<\/span>given<\/span>\u00a0<\/span>for<\/span>\u00a0<\/span>concealing<\/span>\u00a0<\/span>cultivated land<\/span>.<\/span>\u00a0<\/span>That<\/span>\u00a0is\u00a0<\/span>an<\/span>\u00a0<\/span>essential<\/span>\u00a0measure\u00a0<\/span>for<\/span>\u00a0<\/span>making<\/span>\u00a0<\/span>sure<\/span>\u00a0<\/span>everything gets done\u00a0<\/span>and\u00a0<\/span>within the limit, with full\u00a0<\/span>compliance. The new tax structure will\u00a0<\/span>tax<\/span>\u00a0small companies\u00a0<\/span>at<\/span>\u00a0<\/span>20%\u00a0<\/span>while large companies\u00a0<\/span>at 28%.<\/span><\/p>\n

Additionally, the agricultural income up to Rs150 million will <\/span>not\u00a0<\/span>be\u00a0<\/span>taxed.<\/span>\u00a0<\/span>Income\u00a0<\/span>above<\/span>\u00a0<\/span>the<\/span>\u00a0threshold will be taxed progressively<\/span>; for instance<\/span>,\u00a0<\/span>it<\/span>\u00a0<\/span>will begin\u00a0<\/span>at 1% for\u00a0<\/span>income<\/span>\u00a0between Rs150 million and Rs200 million<\/span>\u00a0and\u00a0<\/span>reach<\/span> 10%\u00a0 for incomes <\/span>above Rs500 million.<\/p>\n

However,\u00a0<\/span>the cabinet meeting\u00a0<\/span>raised<\/span>\u00a0<\/span>concerns<\/span>\u00a0<\/span>that<\/span>\u00a0<\/span>the agriculture income tax would increase the prices of vegetables and the cost<\/span>\u00a0<\/span>of<\/span>\u00a0essential grains\u00a0<\/span>like<\/span>\u00a0<\/span>wheat and rice. <\/span><\/p>\n

Sindh CM Murad Ali Shah emphasized that Sindh should have been consulted before the federal government engaged in discussions with the IMF on taxation matters.\u00a0<\/span><\/p>\n

However<\/span>, he\u00a0<\/span>maintained<\/span>\u00a0that the\u00a0<\/span>imposition<\/span>\u00a0<\/span>of<\/span>\u00a0<\/span>the tax was\u00a0<\/span>a<\/span>\u00a0<\/span>decision taken\u00a0<\/span>in the\u00a0<\/span>larger<\/span>\u00a0national interest. This\u00a0<\/span>measure<\/span>\u00a0is likely to have\u00a0<\/span>far-reaching<\/span>\u00a0implications\u00a0<\/span>on<\/span>\u00a0the agriculture sector\u00a0<\/span>of<\/span>\u00a0Sindh<\/span>\u00a0and\u00a0<\/span>will be interesting to\u00a0<\/span>watch<\/span>\u00a0<\/span>if<\/span>\u00a0it\u00a0<\/span>pans<\/span>\u00a0out in the coming months.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

KARACHI: The Sindh cabinet has just approved the Agriculture Income Tax Bill 2025, as reported by ARY News, in a move to meet the conditions set by the International Monetary Fund (IMF). The\u00a0decision\u00a0came\u00a0at\u00a0the\u00a0meeting of the provincial cabinet,\u00a0headed by Sindh Chief Minister Murad Ali Shah, effective\u00a0from January 2025.\u00a0 Among\u00a0the\u00a0salient\u00a0features\u00a0of this bill is that\u00a0agriculture\u00a0income tax\u00a0will not be\u00a0levied\u00a0on\u00a0livestock,\u00a0according\u00a0to\u00a0a\u00a0statement\u00a0by […]<\/p>\n","protected":false},"author":9,"featured_media":64460,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1247,2240,26274],"class_list":["post-64459","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pakistan","tag-international-monetary-fund","tag-sindh-cabinet","tag-agriculture-income-tax-bill-2025"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/64459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=64459"}],"version-history":[{"count":1,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/64459\/revisions"}],"predecessor-version":[{"id":64461,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/64459\/revisions\/64461"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/64460"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=64459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=64459"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=64459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}