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FBR rules out tax amnesty scheme for construction sector


FBR rules out tax amnesty scheme for construction sector
The FBR logo.
ISLAMABAD: The Federal Board of Revenue (FBR) has ruled out the possibility of any fresh Tax Amnesty Scheme for contractors to boost the construction sector, stating that the FBR could not forgo revenue collection of Rs 200 billion on an annual basis.
During the proceedings of the Senate Standing Committee on Finance meeting, it was proposed that the withholding tax on contractors should be slashed from 7.5 percent to 1 percent and a general amnesty scheme should be provided. It was argued that it would give impetus to the construction sector as the government had already announced PM’s Construction Package and asked the IMF for granting it a three months extension. ....

North West Frontier , Saleem Mandviwalla , Jasim Ahmed , Ahsan Malik , Mohsin Aziz , Senate Standing Committee On , National Tariff Commission , Higher Education Commission , Federal Board , Tax Amnesty Scheme , Senate Standing Committee , Real Estate , Sardar Tahir , Senator Mohsin Aziz , Active Taxpayer , வடக்கு மேற்கு எல்லை , குசன் மாலிக் , மொஹசின் அஜிஸ் , செனட் நின்று குழு ஆன் , தேசிய சுங்கவரி தரகு , அதிக கல்வி தரகு , கூட்டாட்சியின் பலகை , வரி பொது மன்னிப்பு திட்டம் , செனட் நின்று குழு , ரியல் எஸ்டேட் , சர்தார் தாஹிர் ,

Senate panel seeks lower car prices


Senate panel seeks lower car prices
Calls EDB for briefing on pricing structure, quality and safety
If the pharmaceutical sector does not reduce prices of medicines, then the government should withdraw the relief, said Sena-tor Talha Mehmood, chairman of the standing committee. PHOTO: FILE
ISLAMABAD:
A Senate panel on Thursday linked reduction in duties for up to 850cc cars with drop in vehicles prices, as the government has proposed lowering taxes for two years to encourage the middle class to upgrade their living standards.
The Federal Board of Revenue (FBR) presented the reduced duties structure before the Senate Standing Committee on Finance. The FBR’s papers showed that the customs duties on import of completely knocked down locally produced parts is proposed to be cut from 46% to 30% and for non-local parts from 30% to 15%. ....

Talha Mehmood , Hamid Ali , Saleem Mandviwalla , Syed Hamid Ali , Farooqh Naik , Mohsin Aziz , Engineering Development Board , Senate Standing Committee On , National Tariff Commission , A Senate , Federal Board , Senate Standing Committee , Policy Member Syed Hamid Ali , Senator Mohsin Aziz , Pakistan Tehreeke Insaf , Senator Talha Mehmood , தல்ஹா மெஹ்மூத் , ஹமிட் அலி , சையத் ஹமிட் அலி , மொஹசின் அஜிஸ் , பொறியியல் வளர்ச்சி பலகை , செனட் நின்று குழு ஆன் , தேசிய சுங்கவரி தரகு , கூட்டாட்சியின் பலகை , செனட் நின்று குழு , செனட்டர் மொஹசின் அஜிஸ் ,