The World Bank (WB) has recommended Pakistan reduce subsidy expenditures, close regressive tax exemptions, and increase taxation of high-income earners, …
WB recommends equal tax threshold for salaried, non-salaried class in Pakistan
The tax threshold for the top salaried class is Rs0.6 million per annum. Islamabad: The World Bank has asked Pakistan to equalize the tax thresholds of salaried and non-salaried classes to make …
Agri, property taxes top priority
The highest priority areas for increasing tax collection were the agriculture and property sectors where there was a lot of wealth, said Tobias Haque, lead economist of the World Bank for Pakistan.
World Bank urges Pakistan to tax agriculture, real estate sectors, calls for progressive income tax reforms
According to the World Bank’s projections, effective enforcement of taxes on agricultural income and properties could result in an annual tax collection equivalent to approximately 3 per cent of …
Pakistan needs to abolish tax exemptions: World Bank
Pakistan’s total revenue collection averaged 12.8pc of GDP in past decade, substantially lower than South Asian average of 19.2pc. The global lender also recommended that Pakistan should simplify its …
Raj and Nizam-era statutes on property takeover still in force
A report by the Vidhi Centre for Legal Policy has found that Maharashtra still has several pre-independence laws that were passed by the Central Provi …
Latest residential property price index at 248.2
Macau’s overall residential property price index decreased by 0.9 per cent from May to July to reach 248.2 in June to August 2023, according to the …
Hong Kong Developers Struggle as U.S. Federal Reserve’s Monetary Policy Adds Financial Pressure
The Fed’s interest rate hikes are strengthening the US dollar, which is pegged to the Hong Kong dollar, putting pressure on emerging market currencies and making Hong Kong property less affordable.
Hong Kong developers hit by Federal Reserve’s ‘higher for longer’ interest rates
Hong Kong’s largest developers have shed a fifth of their market value this year, as the city’s dollar peg forces it to match the Federal Reserve’s “higher for longer” approach to interest rates.
Hong Kong must act before ‘deep correction’ in property market: Midland analyst
Hong Kong should move to restore confidence in its property market before it enters a “deep correction”, an analyst said after a lacklustre forecast was made for 2023. Hong Kong recorded 8,792 …