Income Support Levy Act, 2013 (Act No. XXII of 2013)
LapsedA 0.5% wealth levy on the net movable assets of individuals exceeding Rs 1 million, earmarked for the Income Support Fund to assist the poor.
Overview
Enacted by Finance Minister Ishaq Dar in June 2013 to revive wealth taxation in Pakistan after the repeal of the Wealth Tax Act 1963 in 2003. The levy imposed a 0.5% tax on individuals whose net declared movable assets exceeded Rs 1 million, with revenues dedicated to poor relief. Following pushback from business and affluent filers, it was repealed in the Finance Act 2014.
Written from the records and links on this page.
Official documents 1
From the records tracker for Pakistan: the bill, its debates, votes and committee reports, and whether each has been read in full.
- Bill · Act XXII of 2013 · 2013-06-30 · Majlis-e-Shoora (Parliament of Pakistan)
What the reading found
Found: Enacted 0.5% wealth levy on net movable wealth over Rs 1 million; repealed by Finance Act 2014.
People in the register 1
Sponsors and signatories who are on a register, each with the statement they rest on.