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Tax exemptions withdrawal bill lands in NA secretariat - Newspaper

The Federal Board of Revenue (FBR) has submitted a bill to the National Assembly secretariat proposing a string of amendments to withdraw around 36 tax exemptions. Dawn/File
ISLAMABAD: The Federal Board of Revenue (FBR) has submitted a bill to the National Assembly secretariat proposing a string of amendments to withdraw around 36 tax exemptions and streamline other corporate tax exemptions, which will come into effect from July 1, 2021.
The corporate income tax reforms are in line with recommendations of the International Monetary Fund (IMF). The Fund estimates it will generate revenue of Rs140 billion. The bill, which will be called the income tax (second amendment) bill 2021, will be introduced in the next session of the lower house, whenever convened. ....

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PM approves withdrawal of 80 income tax exemptions

PM approves withdrawal of 80 income tax exemptions
Govt set to introduce Income Tax Amendment Bill in NA next week to meet IMF conditions
ATL 2021 has replaced ATL 2020 that carried names of 3.12 million individuals and companies. A comparison of both lists showed that over 932,000 names were missing from the new list.. PHOTO: FILE
ISLAMABAD:
Prime Minister Imran Khan on Friday approved the introduction of Money Bill in the National Assembly next week to withdraw around 80 income tax exemptions and reform the tax laws to meet a prior action for the revival of $6 billion International Monetary Fund (IMF) programme.
The IMF has asked Pakistan to withdraw income tax exemptions worth Rs140 billion through a new legislation but the exact quantum can only be determined once the government officially lays the bill in the National Assembly. ....

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PM nods abolition of corporate tax exemptions

PM nods abolition of corporate tax exemptions
Business
March 6, 2021
ISLAMABAD: Prime Minister Imran Khan has granted a green signal for abolishing of corporate income tax (CIT) exemptions probably through a legal amendment within the next few days to satisfy the IMF’s executive board, sources said on Friday.
“The government will table CIT amendment bill before the parliament in order to fetch Rs150 to Rs200 billion with effect from July 1, 2021,” sources said. “In order to satisfy the IMF’s executive board, the government will table the bill before the parliament that will pave the way for reviving the stalled Fund program under extended fund facility.” ....

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PM nods abolition of corporate tax exemptions

PM nods abolition of corporate tax exemptions
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

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PM nods abolition of corporate tax exemptions

PM nods abolition of corporate tax exemptions
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Imran Khan , International Monetary Fund , Second Pakistan International Sukuk Company , Third Pakistan International Sukuk Company , Development Bank , Pakistan Mortgage Refinance Company , Prime Minister Imran Khan , Monetary Fund , Pakistan Mortgage Refinance Company Limited , இம்ரான் காந் , சர்வதேச பண நிதி , வளர்ச்சி வங்கி , பாக்கிஸ்தான் அடமானம் மறுநிதியளிப்பு நிறுவனம் , ப்ரைம் அமைச்சர் இம்ரான் காந் , பண நிதி , பாக்கிஸ்தான் அடமானம் மறுநிதியளிப்பு நிறுவனம் வரையறுக்கப்பட்டவை ,