The Income Tax Ordinance 1979 established the framework for income taxation in the relevant jurisdiction. The Income Tax Ordinance 2001 was introduced to address shortcomings in the previous ordinance and to modernize tax regulations. Key reasons for the 2001 ordinance include the need for improved compliance, clarity in tax laws, and the adaptation to changing economic conditions.
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The Income Tax Ordinance 1979 established the framework for income taxation in the relevant jurisdiction. The Income Tax Ordinance 2001 was introduced to address shortcomings in the previous ordinance and to modernize tax regulations. Key reasons for the 2001 ordinance include the need for improved compliance, clarity in tax laws, and the adaptation to changing economic conditions.