Tag Archives: Federation of Pakistan Chambers of Commerce and Industry

FPCCI demands FTR restoration for commercial importers

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday urged the government to restore Final Tax Regime (FTR) for commercial importers.

Maximum limit of property purchase enhanced to Rs5 million for non-filers: Miftah Ismail

KARACHI: Finance Minister Dr. Miftah Ismail on Saturday said the maximum limit for purchase of immovable properties by non-filers has been increased to Rs5 million.

FPCCI seeks removal of budget anomalies before NA approval

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) is scheduled to meet Prime Minister Shahid Khaqan Abbasi and Finance Minister Dr. Miftah Ismail on Tuesday, May 08, 2018 for removal of anomalies in budget 2018/2019 before its approval from the national assembly.

FBR urged to rationalize tax on rental income

KARACHI: The Federal Board of Revenue (FBR) has been urged to rationalize tax on rental income from property and investors should be encouraged to declare their genuine income.

Harsh action recommended against officials harassing taxpayers

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended harsh action against officials of Federal Board of Revenue (FBR) found involved in harassing taxpayers.

National chamber urges to protect taxpayer rights through restricting tax official’s jurisdictions

KARACHI: The apex trade body has suggested to restrict the tax officials jurisdictions in discretionary powers to raid on business premises in order to obtain information; as to protect the taxpayers right.

Amendment to discretionary power for information by banks recommended

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed amendment to discretionary power for furnishing of information by banks in section 165A and 165B.

FPCCI proposes amendment to WHT on promotional material

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested amendment in Section 156 for withholding tax on promotional material; however 20 percent tax chargeable on prizes given to the consumers while considering it as business income; which is harsh and unjustifiable.

National chamber demands exemption on income of WPPF; WWF

KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has demanded to exempt income of the workers’ profit participation fund (WPPF) and Workers Welfare Fund (WWF) as it benefits of their workers to build schools; hospitals etc.

FPCCI suggests amendment to group taxation

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed amendments to Income Tax Ordinance, 2001 regarding group taxation and group relief in order to bring at par with the other regional and global countries.