Tag Archives: budget proposals 2017/2018
KARACHI: Pakistan Business Council (PBC) has recommended the government to place a temporary moratorium on Free Trade Agreements (FTAs) until the existing are renegotiated. “This would stem the loss of tax revenue and help local industry to build scale, gain competitiveness and generate value-added exports,” PBC said in its budget proposals for budget 2017/2018 sent to Haroon Akhtar, Special Assistant to Prime Minister on Revenue.
KARACHI: Pakistan Business Council (PBC) has proposed 25 percent tax rebate for working women with children in order to reduce the cost of child care for mothers entering full time employment impacting net household income.
ISLAMABAD: The government is likely to present federal budget 2017/2018 ahead of Ramazan or last week of May 2017.
Budget, as earlier decided is proposed to be presented before the National Assembly ahead of Ramazan as would be the Economic Survey 2016/2017. It was decided at a meeting chaired by Federal Minister for Finance Senator Mohammad Ishaq Dar on Wednesday to review state of preparations for the budget 2017-2018.
KARACHI: Foreign and multinational companies have urged the Federal Board of Revenue (FBR) to revamp withholding tax regime and reduce the number of tax rates to 5 from 55 rates.
KARACHI: In order to prevent issuance of bogus refunds, the Federal Board of Revenue (FBR) has been urged to public list of taxpayers whom sales tax refunds are issued.
KARACHI: Federal Board of Revenue (FBR) has been urged to withdraw sales tax withholding on supplies within registered persons.
KARACHI: Presently, there are five tax collecting authorities including four provincial sales tax authorities and the FBR who collects income tax, sales tax and Federal Excise Duty (FED).
ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar has assured the delegation of Pakistan Stock Exchange (PSX) of considering positive tax proposals to be incorporated in the finance bill 2017.
KARACHI: Federal Board of Revenue (FBR) and Pakistan Stock Exchange (PSX) have discussed tax proposals for budget 2017/2018 at a meeting held here on Friday.