Uniform tax rate suggested on rental income

KARACHI: The tax rate on rental income should be made uniform for individual, Association of Persons (AOPs) and company at 15 percent. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in... Read more »

Tariff Policy Board discusses budget proposals

ISLAMABAD: The Tariff Policy Board (TPB) on Monday discussed budget proposals submitted by various stakeholders. Advisor to the Prime Minister on Commerce Abdul Razak Dawood chaired the meeting. The advisor said that... Read more »

PSX seeks permanent reduction in tax rate for listed companies

KARACHI: Pakistan Stock Exchange (PSX) has recommended to lower the rate of tax for listed companies in order to encourage listing in the equity market. “The tax rate should be permanently lowered... Read more »

FBR proposed to eliminate distortion in withholding tax on dividends from equity investments

KARACHI: Federal Board of Revenue (FBR) has been proposed to rationalize of withholding tax on dividends as higher rate from equity investments discourage investment in the capital market. Pakistan Stock Exchange (PSX)... Read more »

PSX proposes reduction of withholding tax on margin financing transactions

KARACHI: Pakistan Stock Exchange (PSX) has proposed to reduce the rate of withholding tax in the gross income earned on margin financing transactions to 2.5 percent from existing 10 percent. The PSX... Read more »

FBR suggested to abolish tax refund culture

KARACHI: Federal Board of Revenue (FBR) has been suggested to abolish tax refund culture and bring down sales tax at five percent. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in... Read more »

FPCCI suggests measures to boost exports

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested measures to boost exports of the country. The apex trade body in its proposals for budget 2020/2021 suggested measures to... Read more »

FBR suggested to issue exempt list of persons not required to pay withholding tax

KARACHI: Federal Board of Revenue (FBR) has been urged to issue a separate list of exempt list of persons who do not require to pay withholding tax as mentioned in Section 100BA... Read more »

FED on locally manufactured vehicles proposed to be withdrawn

KARACHI: Local automobile manufacturers have urged the Federal Board of Revenue (FBR) to withdraw federal excise duty, which will help in rationalizing prices in domestic market. Overseas Investors Chamber of Commerce and... Read more »

Exemption on agriculture income should be withdrawn

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has suggested that exemption on agriculture income should be withdrawn and bring all income into tax net. The OICCI in its proposals for... Read more »