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May 09, 2022

Budget Expectations & Proposals – Automated Tax Collection – Misc

1.      BUDGET: FIXED TAX SCHEME FOR SMALL TRADERS VERY LIKELY

2.      PSX DEMANDS SLASHING CGT RATES ON DISPOSAL OF SHARES

3.      PROPOSED LIST OF HIGHER WITHHOLDING TAX RATES FOR NON-FILERS

4.      ABOVE RS50,000 PURCHASE: FORMER FBR CHAIRMAN CONCERNED AT LIKELY 
WITHDRAWAL OF CNIC CONDITION

5.      WITHHOLDING AGENTS: FBR TO AUTOMATE PROCESS OF TAX COLLECTION, DEPOSIT

6.      DELAYED TAX RETURN, PAYMENT: SHC QUASHES PENALTY, DEFAULT SURCHARGE 
IMPOSED ON OIL FIRM

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