KARACHI: The Federal Board of Revenue (FBR) has completed preparations to act against tax defaulters.
It has been suggested to double withholding tax on utility bills of tax defaulters and non-registered businesses. Another suggestion was to increase tax from 0.3 percent to 0.5 percent. Tax defaulters will have to pay 2 percent special excise duty on real estate, 17 percent on textile products, 1 to 2 percent on imports and local productions. Tax will be increased for associations, individual businessmen and those who did not pay tax under the head of investment.
RCCI urges establishment of German Trade Desk to boost bilateral trade
RAWALPINDI: The Rawalpindi Chamber of Commerce and Industry (RCCI) has called for establishing a dedicated German Trade Desk in Pakistan...
