ISLAMABAD: The FBR has proposed jacking up Regulatory Duty rates on import of mobile phones set in the budget for collecting Rs16 billion.In order to encourage local manufacturing and import.
ISLAMABAD: The FBR has proposed jacking up Regulatory Duty rates on import of mobile phones set in the budget for collecting Rs16 billion.In order to encourage local manufacturing and import.
KARACHI: Businessmen on Friday said the budget for the next fiscal year seemed balanced on the face of it, but its long-term impacts on trade and industry would become clear after a close analysis.
June 11, 2021
ISLAMABAD: The telecom giants have asked the government for reducing advance income tax from 12.5 to 10 percent, rationalize and harmonize GST rate at 16 percent, resolution of SIM issuance tax and reduction in Customs Duty and Regulatory Duty on telecom equipment and raw material for optic fiber cable in the budget 2021-22.
According to a joint letter written by giant telcos including PTCL, Jazz, Telenor Pakistan, Ufone and Zong to Federal Minister for Finance, they were hopeful that the tax proposals approved by the federal cabinet shall be implemented in the upcoming Finance Act, further augmenting government s drive of Digital Pakistan. The telecom companies asked for reduction of advance Income Tax, from 12.5 percent to 10 percent and 8 percent by FY2021-22 and 2022-23.