Need stressed to slap tax on farm incomes

STAFF REPORT IBD: The provincial government are now look convinced tax the agriculture incomes across the board, however, efforts in this regard still considered half hearted as no tangible progress has so far been made in this regard.According to a report, there are two taxes that apply to landholders – one is land tax and the other is agriculture income tax (AIT).As per land tax slabs levied on the cultivated land, total land revenue should have been Rs 223.2 million last year while the

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Cell phone operators slam device & SIM sales tax




STAFF REPORT ISB: Three of Pakistan’s operators have targeted the government’s proposed sales tax on mobile handsets and SIM cards.

Mobilink, Telenor and Warid have termed the FBR’s device tax "irrational, illogical, arbitrary and incoherent". They note that it not only goes against the country’s constitution, but would also be highly difficult to implement.

Pakistan already taxes the import and supply of mobile handsets, but avoidance of this duty is common

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IT products smuggling damaging fair competition, causes tax losses


STAFF REPORT ISB: Smuggling of IT products and irrational taxes on them are hurting the competition in local market thus resulting in multibillion rupees losses to the national exchequer.

IT traders said the Pakistan Computer Association (PCA) has floated a number of proposals to the government for stopping smuggling of IT products and rationalisation of duties.

According to the, if implemented, the recommendations will document the sector, stop smuggling, provide a level-playing

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Provinces tax collection on telecom sector irks minister


STAFF REPORT ISB: State Minister for IT Anusha Rehman has expressed annoyance over the provinces’ interference regarding collection of taxes on telecom sector.

She raised the issue at the Senate’s Standing Committee on ITandT which recently met here with Shahi Syed in the chair.

Expressing its concerns over the taxation measures, the committee also decided for legal interpretation in this regard and also sought legal help to resolve the issue.

Anusha said that collection of taxes

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Internet services from sales tax in Punjab




STAFF REPORT LHR: The Punjab government has excluded the internet services used by the public, educational institutions, corporate sector and the software exporting firms from the sales tax.

According to a notification issued here, the Finance Department making amendments in the Punjab Sales Tax on Service Act 2012, exempted the internet services whether dialup or broadband including email, data communication network services (DCNS) and value added data services from the sales tax

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Telecom is the highest tax payer sector of Pakistan: FBR




STAFF REPORT ISB: Telecommunication sector is one of the profitable sectors which contribute a sizeable share in economy of the country and especially with the opening up of 3G and 4G horizons it is booming at fast pace. The Federal Board of Revenue (FBR) recently leaked in a press statement that telecom companies in Pakistan have paid a large amount of Rs 4.6 billion in lieu of income taxes on different services in the past 5 years.

The officials further detailed the breakup of the

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Punjab Gov takes back decision of 19.5% internet tax hike


STAFF REPPORT LHR: The Punjab Government has reversed the decision of imposition of 19.5% tax on internet after facing much rebuttal from stakeholders including cyber merchants, telecommunication companies, broadband and ICT companies, students and various corporate circles. Shehbaz Sharif, Chief Minister Punjab announced this in a meeting held on the issue.

The Chairman Punjab Information Technology Board (PITB), Dr Umar Saif was very vocal in addressing the Punjab Government to reverse

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Punjab Gov takes back decision of 19.5% internet tax hike


STAFF REPPORT LHR: The Punjab Government has reversed the decision of imposition of 19.5% tax on internet after facing much rebuttal from stakeholders including cyber merchants, telecommunication companies, broadband and ICT companies, students and various corporate circles. Shehbaz Sharif, Chief Minister Punjab announced this in a meeting held on the issue.

The Chairman Punjab Information Technology Board (PITB), Dr Umar Saif was very vocal in addressing the Punjab Government to reverse

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Punjab lifts tax on internet services




Staff Report LHR: The tax imposition on 3G/4G internet services by Punjab Government was facing serious criticism from digital and social media, telcos, e-merchants, bloggers and other stakeholders. It is also noteworthy that PTA Chairman also opposed the tax decision. The tax was raised to a high 19.5%.

Various popular sites had been stirred to start "Don’t tax the internet" campaign on social media as part of their blackout campaign against the tax.

Punjab

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