tax
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APNS, PBA reject tax amendment impacting advertising expenses
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[ad_1] A representational image of taxes. — AFP/File Citing its detrimental economic impact on the media industry, the All Pakistan Newspapers Society (APNS) and Pakistan Broadcasters on SaturdayAssociation (PBA) appealed to the government to retract the proposed amendment in the…
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New tax on over 200 medical instruments set to drive up healthcare costs | The Express Tribune
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[ad_1] KARACHI: Federal government has imposed a sales tax on over 200 medical devices, including angiography and angioplasty equipment, as well as diagnostic kits for various diseases. The move, part of the 2024-25 fiscal budget, is expected to significantly impact…
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Exporters demand restoration of fixed tax regime to remain competitive
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[ad_1] This picture shows a general view of the seaport in Karachi. — AFP/File To stay competitive in world markets, exporters have strongly opposed the shift of taxation on turnover from a fixed to a normal regime as the government…
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Govt rethinks tax proposals amid high cost of living | The Express Tribune
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[ad_1] ISLAMABAD: The government has kicked off consultations with a view to reconsider a partial rollback of the proposed income tax rate increases for salaried individuals and exporters, alongside implementing the proposed 18% sales tax on infant milk in stages….
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Reduction in tax rate for salaried individuals proposed | The Express Tribune
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[ad_1] The Senate Standing Committee on Finance, chaired by Senator Saleem Mandviwalla, has approved a 75% withholding tax on phone and internet services for non-filers while proposing a reduction in the tax rate for salaried individuals. The committee, during its…
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Sindh hikes sales tax to 15% | The Express Tribune
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[ad_1] KARACHI: The Sindh government has announced an increase in the rate of provincial sales tax on services by 2 percentage points, raising it to 15% effective from July 1. This move is expected to exacerbate inflation as it is…
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Widening tax net: Govt to impose fines, jail terms on unregistered traders | The Express Tribune
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[ad_1] The federal government has decided to penalise traders required to register for income tax under Section 99B, but who fail to do so. They could face fines, up to six months in prison, or both. According to Express News,…
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Deputy mayor says toll tax on Karachi roads to enhance KMC’s revenue
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[ad_1] Mayor Karachi Murtaza Wahab chairing the Karachi City Council meeting, while Deputy Mayor Karachi Salman Abdullah Murad is also present in the meeting held on June 10, 2024. —X/ @SalmanAMurad KARACHI: In his remarks on the imposition of toll…
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Budget 2024-25: Income tax calculator
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[ad_1] A representational image shows a tax written on a calculator. — AFP/File Finance Minister Senator Muhammad Aurangzeb on Wednesday presented Budget 2024-25 loaded with new tax measures for the salaried and non-salaried class people with a total tax collection…
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Budget FY25: Pakistan sets challenging Rs13tr tax revenue target to woo IMF
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[ad_1] Finance Minister Muhammad Aurangzeb is presenting budget 2024-25 in the National Assembly on June 12, 2024. — APP ISLAMABAD: Preferring long-term economic sustainability over giving a short-run break to inflation-hit and income-strapped masses, Pakistan has decided to chase an…
