[ad_1] Listen to article ISLAMABAD: The National Assembly on Thursday approved the Rs17.6 trillion worth budget along with Rs463 billion new taxes, bringing the digital economy under the purview of tax laws but almost nullified the single largest enforcement measure to ban economic transactions by ineligible persons. The National Assembly approved the second budget of the government … Read more
[ad_1] ISLAMABAD: The PTI on Thursday denounced what it called an “unjust” taxation system imposed on the long-neglected former Federally Administered Tribal Areas (FATA) without fulfilling the promises of peace, development and complete integration. In a news conference at the Parliament House, PTI leaders warned that the region could not be treated as a revenue … Read more
[ad_1] Listen to article KARACHI: E-commerce and chain store strategists have demanded the government rationalise the proposed taxes on online and registered businesses in order to maintain the pace of documentation in the retail sector and promote financial inclusion in the economy. They urged the government to refrain from burdening taxpayers with additional taxes and duties to … Read more
[ad_1] Listen to article KARACHI: Owing to massive inflation-driven increases in nominal collections, sharp currency depreciation, and a greater reliance on indirect taxes, the Federal Board of Revenue (FBR) has achieved its annual revenue growth rise from an average of 18% over the past decade to 24% in the recent five years. The FBR has demonstrated a … Read more
[ad_1] Listen to article ISLAMABAD: The National Assembly Standing Committee on Finance on Tuesday unanimously rejected the proposed 18% sales tax on the import of solar panels, while the government also announced the withdrawal of another controversial measure to increase sales tax on hybrid vehicles, reversing both the anti-environment initiatives. The committee in its meeting, chaired by … Read more