Foreign investors urge Pakistan to abolish withholding tax on telecom services
Foreign investors operating in Pakistan are calling on the country to abolish the withholding tax on telecom services.
Foreign investors operating in Pakistan are calling on the country to abolish the withholding tax on telecom services.
In anticipation of the upcoming federal budget, foreign investors operating in Pakistan, through the Overseas Investors Chambers of Commerce and Industry (OICCI), have submitted specific proposals pertaining to the tobacco industry to the Federal Board of Revenue (FBR).
Foreign investors in Pakistan are urging for a simplified withholding tax regime in the upcoming budget for 2023-2024.
The Overseas Investors Chamber of Commerce and Industry (OICCI) has submitted its proposals for the upcoming budget 2023-2024 to the Federal Board of Revenue (FBR).
The Pakistan Business Council (PBC) has expressed its dissatisfaction with the imposition of super tax on corporate profits, describing it as a penalty on the documented sector.
The Pakistan Business Council (PBC) has submitted proposals to the Federal Board of Revenue (FBR) for the upcoming budget of 2024-2023. Among the proposals is a recommendation to exempt capital gains tax on shares with a holding period of 10 years.
The Pakistan Business Council (PBC) has proposed several measures to the Federal Board of Revenue (FBR) in order to tackle the problem of under-invoicing by commercial importers.
The Pakistan Business Council (PBC) has proposed increasing the burden on non-filers of income tax in the upcoming budget 2023-2024.
Pakistan’s capital market has recommended tax exemption on income derived from foreign investments.
Pakistan Stock Exchange (PSX) in its proposals for budget 2023-2024 suggested to align rates of capital gains tax on disposal of listed securities with the rates of CGT on sale of immovable property.