FPCCI advocates moving to normal tax regime

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has advocated moving to normal tax regime from final tax regime.

FPCCI recommends reduced corporate rate for SMEs

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested reduced corporate rate of 20 percent for small and medium enterprises (SMEs) in order to promote this sector.

FBR urged to reduce capital gain tax to 10pc for filers

KARACHI: Federal Board of Revenue (FBR) has been urged to reduce capital gain tax on securities to 10 percent from 15 percent in case of income tax return filers.

Restoration of FTR for builders, developers suggested

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended restoration of fixed tax regime (FTR) for builders and developers.

Turnover tax should be made zero percent for textile sector

KARACHI: All Pakistan Textile Mills Association (APTMA) has recommended Federal Board of Revenue (FBR) to make turnover tax at zero percent for textile sector for better management of cash liquidity.

Textile millers suggest capping corporate tax rate at 25pc

KARACHI: Textile millers have urged Federal Board of Revenue (FBR) to bring down the corporate tax rate to 25 percent from existing 30 percent to align with best international practices.

Textile exporters demand exemption certificates for machinery import

KARACHI: Textile exporters have demanded Federal Board of Revenue (FBR) to allow exemption certificate for import of machinery by industrial undertaking.

FBR urged to extend credit facility to investment in factory building

KARACHI: Textile sector has urged Federal Board of Revenue (FBR) to extend tax credit to investment in factory building under Section 65E of Income Tax Ordinance, 2001 as it is presently restricted only to plant and machinery.

APTMA demands compensation for delayed refunds

KARACHI: All Pakistan Textile Mills Association (APTMA) has demanded compensation for delayed refunds from the date of deemed refund order.

FBR recommended to ensure no recovery without prior notice

KARACHI: Textile industry has recommended the Federal Board of Revenue (FBR) to ensure that no recovery through attachment of banks should be made without prior notice.