Public Accounts Committee of the National Assembly has directed Federal Board of Revenue (FBR) to lodge First Investigation Report (FIR) against Directors of 4 telecom companies within 48 hours for stealing tax worth Rs. 320 million in fiscal year of 2006-07, reported Online and carried by various newspapers. Ch Nisar Ali, Chairman PAC asked FBR to...
The Federal Tax Ombudsman has directed the Revenue Division to ask the Federal Board of Revenue (FBR) to work out a mechanism in consultation with the Pakistan Telecommunication Authority (PTA) for exempting bona fide mobile phone users based in the Northern Areas from withholding tax. In an order on a complaint filed by Qamar Abbas, President of the...
Bloggers’ community and those who earn their money through online resources, ever you thought that the money you earn is taxable? It’s little hard to digest, but yes, the money we earn through our blogs, forums, online portals and through any other online resource is taxable. In this post I will try to explore on why and how much should we (online...
Media, including State run TV, PTV has reported that government has decided to take back SMS tax, due to high customers’ demand, especially the youth of Pakistan. Hina Rabbani Khar, while concluding budget discussion in National Assembly said that on huge demand from youth, government has decided to not to tax SMS services. I rate this tax withdrawl...
Here is this positive news from capital that Prime Minister has agreed to withdraw 20 paisas tax on each SMS, reported various newspapers today, citing Farooq Sattar of MQM, who met Mr. Yousaf Raza Gillani at PM House Islamabad. Here is the excerpt from Daily Times During a meeting with an MQM delegation led by Overseas Pakistanis’ Minister Farooq...
The recent Federal Budget of Pakistan for the fiscal year 2009-2010 has imposed a set of new rules and fixes for the Pakistani Telecom Industry. Where it makes a flexible opportunity to increase usage of mobile services, it also imposes a threat to the consumption of telecom services. The regulators have applied a 20 Paisa Federal Excise Duty on outgoing...
As two working days have passed after budget, we couldn’t sense any action moved by cellular companies, regulator or the politicians of the country in order to revert back the imposition of 20 paisa tax on SMS. Cellular companies are yet to take any decisive action; we were told that they are gathering on a point, however, this hasn’t happened as...
As reported in yesterday’s post on ProPakistani, In the Federal Budget 09, Govt has imposed 20 Paisa tax per SMS, thus killing all those attractive SMS Bundle offers from various cellular services. This new tax is to be imposed from July 1st. Lets analyze how capable is the govt and if finance officers who suggested this tax imposition on SMS,...
Federal Budget year 2009-2010 didn’t bring exiting news for Telecom and IT industry. There are few major things that we want to communicate at this point of time 20 Paisa Tax is imposed on each SMS – killing all packages. Meaning that for subscriber, minimum price for an SMS would be 20 paisas (that will go into Govt’s pocket) GST has...
Pakistan Telecommunication Authority has recommended Federal Board of Revenue to bring down the tax level on Telecom services from 21 percent to 16 percent, reported APP, citing Dr. Yaseen, Chairman PTA. Quoting Dr. Yaseen, APP further reports that that Telecom industry is going to hear good news in upcoming budget as the Pakistan Telecommunication...
The Ministry of Information Technology (MoIT) has proposed zero duty for at least 40 items related to computer and mobile accessories in the next year’’s federal budget. The Ministry has also suggested that mobile banking should also be exempted from Federal Excise Duty (FED). Official documents available with Business Recorder suggest that...
Pakistan Telecommunication Authority has been advantaged to hold tax amount of Rs. 9,867,865,916, which is payable to FBR, until court concludes anything over the issue. It may be recalled that Federal Board of Revenue had repeatedly asked Pakistan Telecommunication Authority to pay its due taxes, valuing Rs. 9.86 billion. In response to FBR’s tax...
Federal Board of Revenue has directed the member Direct Taxes to start recovery of income tax from Pakistan Telecommunication Authority, which values Rs. 9 billion in amount, in response to what FBR had communicated PTA to pay their taxes by August 27, 2008, failing which besides imposition of penalty of u/s 183 additional taxes would also be charged...
In a recent development to tackle the economic crisis in our country, the government has decided to impose duties on 380 items (called as luxury items). My focus point is the handset industry that has seen a flat tax imposition of Rs. 250 per handset, regardless of its price or model. This recent increment in tax is other than the one that was imposed...
Budget 2008 has badly impacted the telecom sector; specifically the cellular telephony which has witnessed a significant rise in recent years will be the worse hit of the consequences of current year budget. There has been a debate that the government had no other industry to reap the taxes but from the telecom sector. However, on other hands, few experts...
