Tag Archives: budget proposals 2017/2018

Budget Proposals 2017/2018: FPCCI seeks zero-rate sales tax for rice sector

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested zero-rate of sales tax for rice sector, which is the second largest export oriented after textile.

Budget Proposals 2017/2018: Initial depreciation allowance at 50pc for plants and machinery recommended

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KARACHI: Textile industry has proposed 50 percent initial depreciation allowance rate for plants and machinery as was the case prior to the Finance Act, 2014.

Pakistan Dairy Association meets FM, presents budget proposals

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ISLAMABAD: A delegation of the Pakistan Dairy Association comprising Pakistan Dairy Association included representatives of Nestle, Engro Foods, Shakarganj Mills, Fauji Foods, Packages Limited and Everfresh Farms called on the Finance Minister Senator Mohammad Ishaq Dar on Sunday and presented budget-related proposals and tax-related matters on behalf of the dairy sector, which were discussed in detail during the meeting.

Commerce ministry presents tax proposals

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ISLAMABAD: Ministry of Commerce on Sunday presented its budget proposals for 2017/2018 to Finance Minister Senator Mohammad Ishaq Dar for improvement in trade and exports.

Budget Proposals 2017/2018: FBR should respect withholding agents, allow some waivers

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KARACHI: Textile industry has urged the Federal Board of Revenue (FBR) to respect withholding agents and allow some tax credits/incentives or waiver of default surcharge/penalties especially in respect of raw material / manufacturing goods.

Budget Proposals 2017/2018: removal of 7pc customs duty on polyester import recommended

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KARACHI: The textile industry has demanded withdrawal of 7 percent customs duty on import of polyester in order to regain market share.

Budget Proposals 2017/2018: Duty, tax concession demanded on import of above 1,100 KVA generators

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KARACHI: Federal Board of Revenue (FBR) has been urged to allow duty and tax concession on import of generators above 1,100 KVA in order to make competitive the export oriented textile units in the international markets.

Budget Proposals 2017/2018: Compensation should be give against delayed issuance of RPOs

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KARACHI: Textile industry has demanded compensation for delayed issuance of cheques against Refund Payment Orders (RPOs) along with refund payment.

Budget Proposals 2017/2018: Textile industry suggests continuation of sales tax zero-rating

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KARACHI: Textile industry has recommended Federal Board of Revenue (FBR) to continue the sales tax zero-rating for export sector in the upcoming budget 2017/2018 by removing further tax at two percent.

Budget Proposals 2017/2018: Realtors demand removal of anomalies in FBR’s property valuations

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KARACHI: Pakistan Real Estate Investment Forum (PREIF) has demanded removal of anomalies in property valuation tables issued by Federal Board of Revenue (FBR) in the budget 2017/2018.