Tag Archives: budget proposals 2017/2018

Budget Proposals 2017/2018: Temporary moratorium on FTAs recommended

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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.

Budget Proposals 2017/2018: 25pc tax rebate recommended for working women with children

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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.

Budget 2017/2018 likely before Ramazan

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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.

Budget Proposals 2017/2018: FBR urged to reduce number of withholding tax rates to five from 55

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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.

Budget Proposals 2017/2018: publishing paid refunds list recommended

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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.

Budget Proposals 2017/2018: withdrawal of sales tax withholding on registered persons suggested

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KARACHI: Federal Board of Revenue (FBR) has been urged to withdraw sales tax withholding on supplies within registered persons.

Budget Proposals 2017/2018: Single authority for administration of all taxes

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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).

Dar assures PSX of considering positive tax proposals for budget 2017/2018

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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.

FBR, Pakistan Stock Exchange discuss tax proposals for 2017/2018

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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.

Dar reviews preparation for budget 2017-18

ISLAMABAD: Finance Minister Senator Mohammad Ishaq Dar on Wednesday chaired a high-level meeting to review progress of preparations for the upcoming budget for FY 2017-18.