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Jun 16, 2022

Senate Recommendations to Fin Bill – Businessmen Proposals – FBR over PIT & CNIC Condition – Fin Bill WT in Litigation – Automobiles Taxation

1.      PROPERTY DEALS BY FILERS: SENATE PANEL REJECTS FBR PROPOSAL TO RAISE 
ADVANCE TAX

2.      SENATE PANEL REJECTS LEVIES: ALSO SEEKS CHANGES TO PROPOSALS THAT 
WILL CUT TAX RECEIPTS FROM REAL ESTATE

3.      FBR REVISES TAX RATES FOR SEVEN SLABS, SHARES THEM WITH IMF: FBR 
CHAIRMAN ASIM AHMAD SAID THE PIT SLABS FOR SALARIED CLASS WOULD REMAIN 
INTACT AT SEVEN PERCENT BUT THE RATES MIGHT BE ADJUSTED
4.      SUPPLIES TO UNREGISTERED PERSONS: FBR DEFENDS WAIVER OF CNIC CONDITION

5.      PUNJAB BUDGET 2022-23: STAMP DUTY ON URBAN PROPERTIES ENHANCED

6.      PUNJAB GOVT IMPOSES NO NEW TAX UNDER ST ON SERVICES

7.      THREE MAJOR REVENUE MEASURES MAY BE CHALLENGED IN COURT: EX FBR CHAIRMAN
8.      WEALTH TAX IN THE GUISE OF DEEMED INCOME

9.      INCOME TAX ORDINANCE, 2001 EXPERTS CONCERNED OVER PROPOSED AMENDMENT

10.     BUDGET PROPOSALS: FPCCI CHIEF DECRIES ABSENCE OF ‘INDUSTRIAL PACKAGE’

11.     DRUGS: MANUFACTURERS DEMAND INCREASE IN MRP, ABOLITION OF SALES TAX

12.     SIXTH SCHEDULE: ‘PROPOSED RESTORATION OF EXEMPTION MAY HIT MEDICINE 
MAKERS BADLY’

13.     DEPOSITS AS ADVANCE BOOKING: AGP, FBR ASKED TO AUDIT ACCOUNTS OF 
AUTO MANUFACTURERS

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