SA passes Agriculture Income Tax bill 2025

City News Feb, 4 2025
SA passes Agriculture Income Tax bill 2025
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KARACHI: Sindh Assembly passed the Agriculture Income Tax Bill 2025 after earlier the law was approved by the provincial cabinet chaired by Chief Minister Murad Ali Shah."

We have been bluntly told that the IMF team will not arrive, and the country will default if the agriculture tax bill not passed into a law," Sindh CM Murad Ali Shah, speaking at the floor of the house said.

"When you point out a wrong path to the IMF, they will stick with it," chief minister said. "They don't know what the difference between a Hari (tiller) and a landholder is," addressing the house Sindh CM said.

He said that that the FBR has been a hotbed of corruption. "We are told that the Federal Board of Revenue (FBR) will collect this tax," he said. "The FBR could not achieve its targets," he said. "The Sindh Revenue Board will collect this tax," Murad Ali Shah said.

The Agriculture Income Tax law will come into force from January 2025. Earlier in Sindh cabinet session Sindh CM said that the provincial government has decided not to include livestock under the agriculture income tax.

Agricultural income up to Rs 150 million will be exempted from taxation, whereas income exceeding this threshold will be taxed progressively, starting at 1 percent for earnings between Rs150 million and Rs200 million, and reaching 10 percent for income above Rs 500 million.

Published in The Daily National Courier, February, 04 2025

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Staff Reporter
Staff Reporter https://www.dailynationalcourier.com/author/staff-reporter
Daily National Courier is a leading morning English newspaper of twelve pages covering all international and national political developments on 24/7 basis.

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