ISLAMABAD: The five telecom have paid total tax of Rs. 31.801 billion in last two fiscal years.
The companies had paid Rs 924 million tax in the current fiscal year so far. The source said that volume of tax paid by cellular companies was Rs 20,871 million in fiscal year 2013-13 which decreased in the next fiscal year 2013-14 to the tune of Rs 10,007 million. These companies paid Rs 9883 million as income tax and Rs 21919 million as sales tax.
Currently, three kinds of taxes are levied in the country including income tax as per Income Tax Ordinance, 2001 taxes the income earned by a person as per rates prescribed in First Schedule to the Ordinance, Sales Tax; the standard rate of sales tax is 17%, however, the special rates of sales tax are charged on certain commodities as well as the Federal Excise Duty; the excise duty is levied on certain goods and services.
“Telenor Pakistan paid Rs 5618 million tax, Pak-Telecom Mobile Ltd paid Rs 3338 million, Warid Telecome Pvt. Ltd paid Rs 1531 million, CM PAK (Zong) paid Rs 4247 million tax while Paksitan Mobile Communication Ltd paid an amount of Rs 6136 million tax in the fiscal year 2012-13” the source said adding that these tax comprised both of the income and sales tax.
Out of the Rs 974 million total paid amount of tax in the current fiscal year, Telenor Pakistan paid an amount of Rs 334 million, Pak Telecom Mobile Ltd paid Rs 214 million tax, Warid Telecom Pvt. Ltd paid Rs 113 million tax, CM PAK (Zong) paid Rs 54 million tax while Pakistan Mobile Communication Ltd deposited Rs 208 million as tax in national kitty.
