The Punjab government has recently made significant changes to its agricultural income tax (AIT) laws. These changes aim to align AIT rates with federal income tax rates, expand the tax base to include income from commercial livestock, and eliminate certain exemptions. The goal is to create a more equitable tax system and increase government revenue. Additionally, the involvement of revenue officials, who have a reputation for corruption, raises concerns about fair and equitable tax collection. Critics argue that the changes could disproportionately burden smallholder farmers, who may struggle to comply with the new regulations.

Source: The Patriot November 16, 2024 19:54 UTC