Reduction in tax regime for ICT sector
The Pakistan Telecommunication Authority (PTA) has suggested to the government for reduction in tax regime for information and communication technology
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Tax
IT companies moving other provinces due to high tax rates in Sindh
IT companies are moving from Sindh to different provinces due to high tax rates opposed by the government within the
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ePay Punjab bring Rs1 billion in tax revenue during 5 months
ePay Punjab known as the first-ever government payment aggregator for citizens facilitation and ease of business has collected over Rs1
Read moreDigital means uses for tax collection reach up to Rs 346 billion
The central bank announced the withdrawal of fees on online payment of taxes and duties for encouraging taxpayers to use
Read moreFBR launch tax return app to simplify salaried class
ISLAMABAD: The Rawalpindi Islamabad Tax Bar Association (RITBA) acknowledged news that Federal Board of Revenue (FBR) has announced to launch
Read moreFBR ‘Income Tax Return’ app up by Sept. to ease filing
Chairman Federal Board of Revenue (FBR) Shabbar Zaidi announced that FBR is launching a mobile application named “Income Tax Return App”
Read moreView your FBR online tax profile after paying Rs.500
The Federal Board of Revenue (FBR) launched an online tax profiling system in collaboration with the National Database and Registration
Read moreFBR to digitize tax collection scheme to edge bribery
The Federal Board of Revenue (FBR) has announced to digitalize tax collection system to combat the bribery. With in a
Read morePSO reports profit after tax of Rs. 4.2 billion in 1H FY19
The Board of Management (BOM) of Pakistan State Oil Company Limited (PSO) has reviewed the performance of the Company for
Read moreTechnology providing solutions for Income Tax Filing
Pakistan has been doing fairly well to foster a conducive environment for the growth and promotion of technology in Pakistan.
Read moreTo combat plastic bags pollution climate ministry suggest tax
Plastic bags are the main cause of pollution to combat pollution the use of plastic bags needs to be lessened.
Read moreNeed 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
Read moreTelecos seek tax relief in Federal Budget 2017-18 thanked Anusha
Telecom companies of Pakistan thanked Miss Anusha Rehman, Minister of State for Information Technology, and Telecommunication for her concerted efforts
Read moreCell 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
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
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
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