May 2, 2024

Pkrevenue.com

Pakistan Revenue

Category: 2019-2020

Massive cut in tax exemptions, concessions likely in budget 2019/2020
Jun 9
2019-2020, Budget, Exclusive, Taxation

Massive cut in tax exemptions, concessions likely in budget 2019/2020

ISLAMABAD: The government has planned to a massive cut tax in exemptions and concessions in the budget 2019/2020, which is scheduled to be announced on June 11, 2019. Sources told PkRevenue.com that the government had committed with the World Bank and other international agencies to withdraw large size exemptions given to various sectors and individuals […]

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Protest on June 10 against plan to abolish zero-rate sales tax
Jun 9
2019-2020, Budget, Trade & Industry

Protest on June 10 against plan to abolish zero-rate sales tax

KARACHI: Textile value added sector has announced to stage protest on Monday June 10, 2019 against proposed plan to abolish sales tax zero-rating for export sector. Muhammad Jawed Bilwani, Chief Coordinator for Five Zero Rated Export Sectors in a statement on Saturday said that the exporters and manufacturers would stage peaceful protest outside the Karachi […]

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President summons NA budget session on June 10
Jun 8
2019-2020, Budget

President summons NA budget session on June 10

ISLAMABAD: President of Pakistan has summoned the budget session of the National Assembly (NA) on June 10, 2019. A letter of the national assembly secretariat on Friday said that the President has been pleased to summon the 11th session (Budget 2019/2020) of the National Assembly to meet in the Parliament House, Islamabad on Monday, June […]

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Any duty increase on beverages to result in industry closure: Siraj Teli
Jun 8
2019-2020, Budget, Trade & Industry

Any duty increase on beverages to result in industry closure: Siraj Teli

KARACHI: Siraj Kassem Teli, director of Pakistan Beverage Limited (Pepso Co. franchisee), while using platform of Karachi Chamber of Commerce and Industry (KCCI) raised voice against government’s proposed plan for implementing excise duty on beverage industry. Teli, who is also chairman of Businessmen Group (BMG) and former President of KCCI, warned the government against hike […]

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Super tax application may be amended to generate around Rs2 billion
Jun 5
2019-2020, Budget, Exclusive, Taxation

Super tax application may be amended to generate around Rs2 billion

KARACHI: Federal Board of Revenue (FBR) may recommend amending application of super tax in the forthcoming budget 2019/2020 to generate around Rs2 billion. FBR sources said that the tax authorities had recommended amendments to Section 4B of Income Tax Ordinance, 2001 through Finance Bill, 2019. The sources said that it had been recommended to apply […]

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PM reviews preparations for budget 2019/2020
Jun 4
2019-2020, Budget, Finance

PM reviews preparations for budget 2019/2020

ISLAMABAD: Prime Minister Imran Khan on Tuesday reviews preparations for budget 2019/2020. The prime minister chaired the preparatory meeting for budget 2019-20 wherein he was briefed in detail about the revenue and spendings. The federal budget scheduled to be announced on June 11, 2019 for fiscal year 2019/2020. The meeting was attended by Finance Advisor […]

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