Pakistan - A Critical Evaluation of the Special Income Tax Regime for the Banking Sector of Pakistan
- B. Hassan
- Finance and Capital Markets (formerly Derivatives & Financial Instruments), 2020 (Volume 22), No 1
- 20 May 2020
Based on its contribution to overall federal tax collection, the banking sector in Pakistan is the second largest after the oil and gas sector. In this article, the author summarizes and critically evaluates the provisions of income tax law governing the taxation of the income, profits and gains of banking companies.