Tag Archives: budget proposals 2016/2017
KARACHI: Banking companies have demanded collection charges for deducting withholding tax at two percent for rendering services to Federal Board of Revenue (FBR).
KARACHI: The government may increase introduce up to 100 percent increase in sales tax on import of certain category of mobile phones in the budget 2016/2017.
ISLAMABAD: The head office of Federal Board of Revenue (FBR) is remained closed on Monday May 30, 2016 for budget 2016/2017 exercise.
KARACHI: The minimum threshold for the purpose of income tax on salaried person has been proposed to increase from Rs400,00 to Rs500,000. Presently, the salary individual earning annual income up to Rs400,000 has been exempted from the levy of income tax.
KARACHI: Salaried persons should be given income tax exemption in the budget 2016/2017 and the government should take harsh action against tax evaders, Liaquat Sahi, Labour Leader said on Saturday.
KARACHI: The Federal Board of Revenue (FBR) has been urged to restrict the presumptive tax regime (PTR) on dividends and bank profits and charge normal tax to all sectors.
KARACHI: The business community has urged the government to exempt customs duty on import of power generating units above 1100 KVA to encourage in-house production of electricity to operate factories for increasing exports.
ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Wednesday directed the Federal Board of Revenue (FBR) to adopt strict strategy for non-filers in budget 2016/2017.
KARACHI: Federal Board of Revenue (FBR) has been urged to revive sales tax zero-rating or introduce regime of no tax – no refund for entire textile chain, which is the largest export oriented sector and contributes more than 55 percent of foreign exchange earnings through exports.
Tax Proposals 2016/2017: PCDMA proposes withdrawal of higher rate of duty, taxes on commercial importers
KARACHI: Pakistan Chemical and Dyes Merchants’ Association (PCDMA) has urged Finance Minister Mohammad Ishaq Dar to withdraw higher rates of duty and taxes applied on commercial importers or raw material.