The law and order situation is worst in the country and the government must take steps to improve it, to protect traders and industrialists by monitoring internal, external routes of industrial estates in Karachi. This demand was raised by Khalid Tawab, vice president of FPCCI while addressing a pre-budget seminar jointly held by FPCCI and ICMAP and organised by the Karachi Branch Council (KBC) of ICMAP the other day.
The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested measures to the government for generating Rs120 billion by imposing a fixed tax on cellular phone connections.
According to the FPCCI Budget Proposals 2011/12 document made available to The News on Thursday, the apex trade body said that there are an estimated 100 million cellular phone connections in the country and the government can levy Rs100 per phone on monthly basis.
The Federal Board of Revenue (FBR), the State Bank of Pakistan (SBP), and the commercial banks have successfully tested the ‘Electronic Payment and Refund System’ (EPARS), enabling the taxpayers to directly deposit tax payments from their bank accounts into the government treasury.
The World Bank mission led by Carlos Silvani visiting FBR till December 7, 2010 to review its Information Technology (IT) system and automated procedures. On the other hand, the taxpayers have raised serious concerns before the FBR that its web portal was not working properly.
The government will suffer massive revenue loss in case the sales tax rate for telecommunication sector would be brought down from 19.5 percent to 16-17 percent under the reformed general sales tax (RGST). It is reliability learn here on Monday that the telecom sector is subjected to 10 percent withholding tax as well as 19.5 percent sales tax.
The Federal Board of Revenue (FBR) would be empowered to conduct sales tax audit of telecommunication companies under the reformed GST even after levy of sales tax on such services by the provinces. Tax experts told Business Recorder here on Thursday that the Record Note on the implementation of the reformed GST has clearly specified that FBR would be the sole authority for carrying out sales tax audit of the telecom companies.
Karachi Customs Agents Association (KCAA) on Tuesday said decision to wind up Pakistan Custom Computerized System (PaCCS) is not in the national interest as it would damage revenue collection and impede trade.
Telenor Pakistan has Introduced Daily Data Bucket for its prepaid and postpaid customers. Prepaid customers can sign up for daily, weekly or monthly plans, while postpaid customers can avail GPRS bundles of 10 MB, 50 MB or unlimited bandwidth in a month.
A leading mobile phone company has conveyed to the Federal Board of Revenue (FBR) that imposition of 17 percent provincial sales tax on telecommunication services by Punjab and Khyber Pukhtunkhwa would result in extraordinary burden on the cellular companies, as FBR is already charging 19.5 percent FED on telecom services. It has been learnt that [...]