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OICCI calls for radical steps to check tax evasion

OICCI calls for radical steps to check tax evasion
National
May 3, 2021
ISLAMABAD: The Overseas International Chamber of Commerce and Industries (OICCI) has recommended to the finance teams working on the upcoming budget 2021-22 for seizure of local assets or levy appropriate taxes if any person holds any assets abroad.
The OICCI top office bearers, who held a meeting with Minister for Finance Shaukat Tarin and his economic team and recommended for bringing illicit trade into tax ambit especially tax evaded cigarettes that could fetch Rs 70 billion for the national kitty per annum, revising Afghan Transit Trade Agreement (ATTA) and registering all income earners into the tax net. ....

Shaukat Tarin , Exchange Of Information , International Chamber , Global Forum On Transparency , Investors Chamber , Overseas International Chamber , Finance Shaukat Tarin , Afghan Transit Trade Agreement , Overseas Investors Chamber , Tax Purposes , Advance Tax , Green Leaf Threshing Process , Afghanistan Government , Custom Act , Artificial Intelligence , Amnesty Schemes , ஷௌுகத் தாரின் , பரிமாற்றம் ஆஃப் தகவல் , சர்வதேச அறை , உலகளாவிய மன்றம் ஆன் வெளிப்படைத்தன்மை , முதலீட்டாளர்கள் அறை , ஓவர்‌ஸீஸ் சர்வதேச அறை , ஓவர்‌ஸீஸ் முதலீட்டாளர்கள் அறை , வரி நோக்கங்களுக்காக , தனிப்பயன் நாடகம் , செயற்கை உளவுத்துறை ,

OICCI calls for radical steps to check tax evasion

OICCI calls for radical steps to check tax evasion
National
May 2, 2021
ISLAMABAD: The Overseas International Chamber of Commerce and Industries (OICCI) has recommended to the finance teams working on the upcoming budget 2021-22 for seizure of local assets or levy appropriate taxes if any person holds any assets abroad.
The OICCI top office bearers, who held a meeting with Minister for Finance Shaukat Tarin and his economic team and recommended for bringing illicit trade into tax ambit especially tax evaded cigarettes that could fetch Rs 70 billion for the national kitty per annum, revising Afghan Transit Trade Agreement (ATTA) and registering all income earners into the tax net. “Appropriate laws should be drafted to enable the government to seize local assets, in equivalent value, or levy appropriate taxes, if any person holds any assets outside the country without justified source of income,” the OICCI recommended to the government. The Overseas Investors ....

Shaukat Tarin , Exchange Of Information , International Chamber , Global Forum On Transparency , Investors Chamber , Overseas International Chamber , Finance Shaukat Tarin , Afghan Transit Trade Agreement , Overseas Investors Chamber , Tax Purposes , Advance Tax , Green Leaf Threshing Process , Afghanistan Government , Custom Act , Artificial Intelligence , Amnesty Schemes , ஷௌுகத் தாரின் , பரிமாற்றம் ஆஃப் தகவல் , சர்வதேச அறை , உலகளாவிய மன்றம் ஆன் வெளிப்படைத்தன்மை , முதலீட்டாளர்கள் அறை , ஓவர்‌ஸீஸ் சர்வதேச அறை , ஓவர்‌ஸீஸ் முதலீட்டாளர்கள் அறை , வரி நோக்கங்களுக்காக , தனிப்பயன் நாடகம் , செயற்கை உளவுத்துறை ,

OICCI asks govt to harmonise GST on goods, services

OICCI asks govt to harmonise GST on goods, services
National
April 26, 2021
ISLAMABAD: The Overseas International Chamber of Commerce and Industries (OICCI) has asked the government to harmonize the General Sales Tax (GST) on both goods and services and reduce its rate from 17 percent to 13 percent for the upcoming budget 2021-22.
The OICCI is the collective voice of the top 200 foreign investors in Pakistan belonging to 35 countries who, as a group, are among the largest stakeholders in the economy of Pakistan. The OICCI members contribute roughly one-third of the total tax revenue collection and are among the largest investors.
According to the tax proposals forwarded by the OICCI to the FBR and Ministry of Finance, the sales tax rates (federal and provincial), both on goods and services, should be harmonized throughout the country and be aligned to 13pc charged in Sindh. Moreover, only one tax return should be filed with FBR. ....

International Chamber , Overseas International Chamber , General Sales Tax , Through Finance Act , Finance Act , Sales Tax Act , Value Addition Tax , Twelfth Schedule , Customs Act , Gwadar Port Free Zone , Taxation Regime , சர்வதேச அறை , ஓவர்‌ஸீஸ் சர்வதேச அறை , ஜநரல் விற்பனை வரி , நிதி நாடகம் , விற்பனை வரி நாடகம் , மதிப்பு வரி , பன்னிரண்டாவது அட்டவணை , சுங்க நாடகம் , வரிவிதிப்பு ஆட்சி ,

OICCI seeks to harmonise GST on both goods, services

OICCI seeks to harmonise GST on both goods, services
National
April 26, 2021
ISLAMABAD: The Overseas International Chamber of Commerce and Industries (OICCI) has asked the government to harmonize the General Sales Tax (GST) on both goods and services and reduce its rate from 17 percent to 13 percent for the upcoming budget 2021-22.
The OICCI is the collective voice of the top 200 foreign investors in Pakistan belonging to 35 countries who, as a group, are among the largest stakeholders in the economy of Pakistan. The OICCI members contribute roughly one-third of the total tax revenue collection and are among the largest investors.
According to the tax proposals forwarded by the OICCI to the FBR and Ministry of Finance, the sales tax rates (federal and provincial), both on goods and services, should be harmonized throughout the country and be aligned to 13pc charged in Sindh. Moreover, only one tax return should be filed with FBR. ....

International Chamber , Overseas International Chamber , General Sales Tax , Through Finance Act , Finance Act , Sales Tax Act , Value Addition Tax , Twelfth Schedule , Customs Act , Gwadar Port Free Zone , Taxation Regime , சர்வதேச அறை , ஓவர்‌ஸீஸ் சர்வதேச அறை , ஜநரல் விற்பனை வரி , நிதி நாடகம் , விற்பனை வரி நாடகம் , மதிப்பு வரி , பன்னிரண்டாவது அட்டவணை , சுங்க நாடகம் , வரிவிதிப்பு ஆட்சி ,