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HomeEconomySenate Committee Recommends Eliminating Tax Assumptions in Light of World Bank News,...

Senate Committee Recommends Eliminating Tax Assumptions in Light of World Bank News, FBR Denies Formal Communication

Senate Committee ne aik recent news ke mutalliq meeting karte hue recommendations di hen ke World Bank ne Pakistan ko tax assumptions ko eliminate karne ki darkhwast ki hai.

Lekin Senate committee ko bataya gaya ke is news article ko thoroughly examined kia gaya hai, jis mein World Bank ne Real estate aur Agriculture sector ki taxation exemption ki thy, aur personal income tax ke exemption threshold ko bhi change kia tha. 

Lekin Federal Board of Revenue (FBR) ne bataya ke Workld Bank ne is baray mein koi formal communication nahi ki hai.

FBR ne mazeed tafseelat di ke agricultural income par tax impose kiya jata hai aur isay federal government Collect karti hai, aur federal Government Agriculture income par tax nahi laga sakti. Iske ilawa, salary aur business individuals ke exemption threshold ab Rs. 600,000/- saalana hai. 

Tafseelat di gayi hen ke FBR ke pas is exemption threshold limit ko kam karne ke liye koi recommendation nahi hai aur na hi World Bank ne FBR ko is level ke logon ke liye is threshold limit ko kam karne ki recommendation di hai.

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