Arab Today, arab today na standing committee on finance okays tax laws bill
Last Updated : GMT 02:27:29
Arab Today, arab today
Arab Today, arab today

NA Standing Committee on Finance okays tax laws bill

Arab Today, arab today

Arab Today, arab today NA Standing Committee on Finance okays tax laws bill

Islamabad - KUNA

The National Assembly Standing Committee of Finance and Economic Affairs here on Tuesday approved the Tax Laws Amendment Bill 2012 and the Cost and Management Amendment bill 2013.The bill of Cost and Management Amendment was passed unanimously in the meeting of committee held under the chairmanship of MNA Khawaja Sohail Mansoor.While the bill of Tax Laws Amendment 2012 was passed with the majority in the meeting but the MQM opposed the bill by staging walkout from the meeting of committee.The Tax Laws Bill was moved to launch the amnesty scheme to those who were identified as non-tax payers by Federal Board of Revenue (FBR) by accessing the data of NADRA.Speaking in the meeting of the committee, Chairman Federal Board of Revenue (FBR), Ali Arshad Hakeem told the committee that the figure of non-tax payers which were identified by FBR through access of data of NADRA had increased from 2.9 million to 3.8 million.Of total, about 0.2 million would not be eligible to benefit from this scheme due to their income, spending and frequent travels locally and abroad which is higher than others, he added.Chairman FBR said that currently 3.2 per cent of total population was paying tax and after the scheme, it would be increased by 2.2 per cent to 5.4 per cent while 5 per cent of total population was paying the taxes in India.Through the amnesty scheme, about Rs.125 billion extra would be added to national exchequer.The scheme will last for three months and if any one declares an amount of Rs.5 million, he can benefit from the scheme by depositing Rs.40,000 in first month and Rs.50,000 in second month and Rs.70,000 in third month.According to the scheme, if any one declares an amount above Rs.5 million, he can benefit by depositing 1 per cent in first month of total amount declared amount and 1.5 per cent in second month and 2.5 per cent in third month.Under the scheme, if anyone fails to deposit an amount within time limit, after 75 days his CNIC would be blocked after approval of Chairman FBR.Moreover, the sitting government public office holders would not be eligible to benefit from the scheme.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today na standing committee on finance okays tax laws bill Arab Today, arab today na standing committee on finance okays tax laws bill

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today na standing committee on finance okays tax laws bill Arab Today, arab today na standing committee on finance okays tax laws bill

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday