KARACHI: Pakistan Business Council (PBC) has suggested the Federal Board of Revenue (FBR) to lower the corporate tax rates, especially for listed companies. The PBC in its proposals for budget 2022/2023 recommended reduction in corporate tax rate to 20 per cent. READ MORE: Tax cut suggested on dividend paid by exempt entities The council in […]

KARACHI: Federal Board of Revenue (FBR) has been urged to reduce rate of income tax on dividend from exempt entities as the higher rate of dividend effectively withdraws the benefit of exemption. Pakistan Business Council (PBC) in its proposals for budget 2022/2023 submitted to the FBR, urged to reduce the dividend tax to 15 per […]

KARACHI: Pakistan Business Council (PBC) has recommended to reduce the further sales tax to one per cent in order to discourage flying invoices. The PBC in its proposals for budget 2022/2023 submitted to the Federal Board of Revenue (FBR) recommended reduction in further tax to address the issue of flying invoices. READ MORE: Commercial importers […]

KARACHI: The Pakistan Business Council (PBC) has alleged that commercial importers are misusing registration as manufacturers to avail reduced tax rates on imports.

KARACHI: Pakistan Business Council (PBC) has said massive under-invoicing especially by commercial importers is destroying domestic industry across the board. Massive under invoicing and dumping of imported products has been increasing, the PBC said in its proposals for budget 2022/2023 submitted to the Federal Board of Revenue (FBR). READ MORE: FBR’s database mining suggested for […]

KARACHI: Federal Board of Revenue (FBR) has been suggested for mining its database in order to identifying new taxpayers and ease burden on the existing taxpayers. The Pakistan Business Council (PBC) in its proposals for budget 2022/2023 submitted to the FBR, said that the country had low taxpayer base which resulted in reliance on the […]

KARACHI: Pakistan Business Council (PBC) has recommended use of cash above certain limit in order to document the economy. In its proposals for budget 2022/2023 submitted to Federal Board of Revenue (FBR), the PBC recommended that the use of cash in the economy should be discouraged. READ MORE: FBR proposed to exempt withholding tax on […]