Karachi, April 14, 2024 – Brokers at the Pakistan Stock Exchange (PSX) are making a plea for a more lenient tax framework on brokerage and commission as the country prepares for the 2024-25 budget.
ISLAMABAD: Pakistan Stockbrokers Association on Wednesday proposed tax incentives on capital gain and investment in stock market. Federal Minister for Finance and Revenue Shaukat Tarin held a meeting with a delegation of Pakistan Stockbrokers Association led by its Vice Chairman Zahid Latif Khan at Finance Division. The delegation apprised the Finance Minister of certain issues […]
KARACHI: Sindh Revenue Board (SRB) has updated working tariff for tax year and notified tax rates for services provided or rendered by specified persons or businesses. According to updated working tariff, the sales tax rates shall be applicable for following services: Stock brokers and commodity brokers shall pay sales tax at 13 percent on services […]
ISLAMABAD: The government has withdrawn Final Tax Regime (FTR) for stock brokers for the purpose of taxation on commission earned by them. The proposal has been presented through Finance Bill, 2019 before the Parliament. In the budget 2019/2020 the government has taken several measures to plug loopholes of those avenues which were promoting black economy. […]
Karachi: The Pakistan Stock Exchange (PSX) has issued a directive requiring stock brokers to submit clients’ assets segregation statements duly verified by statutory auditors.