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flag Pakistan expands Single Sales Tax Return to oil, gas, and microfinance sectors, aligning with IMF, World Bank agreements.

flag Pakistan's Federal Board of Revenue and provincial authorities have agreed to expand the Single Sales Tax Return (SSTR) system to include oil and gas companies and microfinance banks. flag This extension, effective from November 2024, aims to simplify tax filing processes and reduce compliance costs for businesses in these sectors. flag The move aligns with Pakistan's agreement with the IMF and World Bank to implement a unified Goods and Services Tax system.

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