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History of Taxation in Pakistan

The government of Pakistan established an income tax system after independence by adopting the Income Tax Act of 1922 and extending its provisions across Pakistan, excluding some areas. In 1958, a Taxation Inquiry Committee consisting of officials and business representatives analyzed the current system and made recommendations. Some recommendations were implemented through amendments to the 1922 Act, such as abolishing super tax on all incomes and expressing tax slab rates as percentages of income in 1959.

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870 views2 pages

History of Taxation in Pakistan

The government of Pakistan established an income tax system after independence by adopting the Income Tax Act of 1922 and extending its provisions across Pakistan, excluding some areas. In 1958, a Taxation Inquiry Committee consisting of officials and business representatives analyzed the current system and made recommendations. Some recommendations were implemented through amendments to the 1922 Act, such as abolishing super tax on all incomes and expressing tax slab rates as percentages of income in 1959.

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Davut Abdullah
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When Pakistan came into being , The government of Pakistan promulgated the income tax act 1922 , as amended

upto the date for regulation of taxation system in Pakistan . The provisions of act were extended to whole of Pakistan except specified areas. A Taxation Inquiry Committee was introduced in 1958 which was consist on officials and representatives of trade and commerce . The taxation Inquiry Committee submitted a report after keen analysis of prevailing taxation system and suggested some recommendations. Some of the recommendations were accommodated and thus resulted in amendment of income tax act 1922.

Before 1959 super tax was imposed on income of all persons but it was abolished. In 1959 rates of each slab were expressed as percentages of income considering the recommendations of Taxation Inquiry Committee

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