PkRevenue.com – The Pakistan Business Council (PBC) has voiced strong opposition to the imposition of a withholding tax on bonus shares issued by companies.
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PBC Demands Transparent Fixation of Import Trade Price
Karachi, May 26, 2024 – The Pakistan Business Council (PBC) has called on authorities to ensure a transparent system for fixing import trade prices. In its proposals for the upcoming Budget 2024-25, the PBC highlighted that commercial importers are undermining the domestic industry through widespread under-invoicing and dumping of imported products.
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PBC Urges Rectification of Tax Anomalies in Services Sector
Karachi, May 24, 2024 – The Pakistan Business Council (PBC) has urged authorities to address and rectify tax anomalies in the services sector through amendments in the forthcoming budget for the fiscal year 2024-25.
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PBC Recommends Abolishing Section 8B of Sales Tax Act
Karachi, May 19, 2024 – The Pakistan Business Council (PBC) has proposed the abolition of Section 8B of the Sales Tax Act, 1990, in its budget recommendations for the fiscal year 2024-25.
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PBC Proposes 24% Tax on Motor Vehicle Purchases by Non-Filers
The Pakistan Business Council (PBC) has put forth a bold proposal for the upcoming budget of 2024-25, recommending a significant increase in advance tax rates on motor vehicle purchases by non-filers of income tax returns.
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Pakistan Business Council Seeks Clarity on Group Taxation
Karachi, May 6, 2024 – The Pakistan Business Council (PBC), a leading advocacy group representing major businesses in the country, has submitted proposals for the upcoming budget 2024-25. A key area of focus for the PBC is seeking amendments to the existing group taxation regulations to provide clarity and relief regarding inter-corporate dividends (ICD).
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PBC Proposes Elimination of Minimum Tax for Listed Companies
The Pakistan Business Council (PBC) has put forward a significant proposal aimed at boosting economic activity among listed companies by recommending the abolition of the minimum tax.
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PBC Alert: Commercial Importers Endanger Domestic Industries
The Pakistan Business Council (PBC) has issued a stark warning regarding the harmful impacts of massive under-invoicing by commercial importers, stating that this practice is severely damaging Pakistan’s domestic industries.
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PBC Calls for Higher Taxes on Non-Filers in 2024-25 Budget
The Pakistan Business Council (PBC) has proposed sweeping changes in the upcoming 2024-25 budget, urging the Federal Board of Revenue (FBR) to impose aggressively high taxes on non-filers in an effort to combat tax evasion and encourage compliance.
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PBC Urges Reforms in FASTER System to Support All Exporters
Karachi, April 25, 2024 – The Pakistan Business Council (PBC) has called for significant modifications to the FASTER system, aiming to extend sales tax refund benefits to all exporters and facilitate the adjustment of provincial input tax on services.
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