Pakistan, March 23 -- Pakistan's new agricultural income tax, implemented under International Monetary Fund (IMF) conditions, is drawing concerns from experts. The tax ranges from 15% to 45%, with an additional 10% super tax on high-income landowners. This makes Pakistan's agricultural tax among the highest in the region, surpassing rates in India, Bangladesh, and Sri Lanka.

The Institute of Cost and Management Accountants of Pakistan (ICMA) has raised concerns about the tax's impact. They cite outdated land records, fluctuating farm incomes, and weak tax collection systems as major challenges. These issues, they argue, could make it difficult to collect taxes effectively and equitably.

The report also warns that the tax could burden sm...