TAXATION

Senate Committee suggests changes to Tax Laws (Third Amendment) Bill 2021

The Senate Standing Committee on Finance on Thursday reviewed the Tax Laws (Third Amendment) Bill, 2021 and recommended with a majority vote a number of recommendations, including the one rejecting the suggestion to disconnect gas and electricity connections of those traders who failed to register for sales tax.

14 per cent tax on import of re-meltable scrap

The committee, which met under chairmanship of Talha Mehmood of the Jamiat Ulema-i-Islam, also rejected the new insertion of 14 per cent tax on import of re-meltable scrap if imported by steel melters. According to a handout issued by the Senate Secretariat, the chairman of the committee directed that a letter be written to the authority concerned to seek an answer as to from where the proposal had actually come.

Disable mobile phones or mobile phone SIMs of Inactive Persons

The amendment also gives powers to the tax authorities to disable mobile phones or mobile phone SIMs and issue income tax general order in respect of persons who do not appear on the active taxpayers list (ATL), which was also rejected by a majority vote.

The committee also rejected the omission of the prosecution for unauthorised disclosure of information by a public servant.

Additional advance tax from professionals

The amendment about additional advance tax from professionals not appearing on the ATL and operating from residential premises was also rejected by the committee.

“It’s a way of harassment,” said Senator Mohsin Aziz of the ruling Pakistan Tehreek-i-Insaf.

tax accounting services top tax consultants lahore pakistan
Ads:
Related posts
TAXATION

Tax on Agricultural Income in Pakistan 2022 | Easy Latest Tax Calculator

Table of Contents Tax on Agricultural Income in Pakistan 2022Tax on Agricultural Income in Pakistan…
Read more
TAXATION

FBR Uploads Income Tax Return Forms for Tax Year 2022

FBR Uploads Income Tax Return Forms for Tax Year 2022 Federal Board of Revenue (FBR) has uploaded…
Read more
TAXATION

How to Verify FBR Active Taxpayer Status in Pakistan

Table of Contents Steps to Check Active Taxpayer StatusHOW TO VERIFY TAX FILER STATUS THROUGH FBR…
Read more
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

    Leave a Reply

    Your email address will not be published.