Tag Archives: Tax

Hajj 2018: Saudi Arabia Imposes 5% Tax on Services for Pakistanis

Hajj 2018: Saudi Arabia Imposes 5% Tax on Services for Pakistanis


Sumera Saeed | February 5, 2018 | category: News

Hajj 2018: Saudi Arabia Imposes 5% Tax on Services for Pakistanis. Hajj 2018 would likely to get more costly for Pakistanis, as the Saudi Arabian government has imposed 5% tax on Hajj services. Moreover the Saudi government has refuted to assign extra Hajj quota to Pakistan.

According to sources the government of Saudi Arabia has informed to the officials of Pakistani Ministry of Religious Affairs about the imposition of 5% tax and to stop assigning additional quota to Pakistanis.

Hajj Policy 2018 Announced

The 5% tax on Hajj 2018 pilgrims will be for using the services including transportation, residence and other during their stay in the Kingdom.

This year nearly 179210 Pakistani pilgrims would be traveling to Saudi Arab to performed Hajj through the government and private Hajj schemes.

This year the government of Pakistan devised a new Hajj policy according to which the quota under the private Hajj scheme has been decreased to 33%, which leads the private hajj tour operators to move to different courts of the country.

The sources further revealed that the Pakistani government has asked the Saudi government to allocate more Hajj quota via new census, in this way the government could assign quota to Private Hajj tour operators.

Government Banks Will Start Accepting Hajj Applications 2018 From Jan 15

On the other hand the Saudi Arabian government has refuted to assign more quota to Pakistan due to the lack of capacity in Mina.

Pakistani officials have also told Saudi officials of starting bio-metric system in Pakistan and requested to let off bio-metric verification on Saudi airports.

Due to the impose of 5% tax on Pakistani Hajj pilgrims, it is anticipated that the value of Pakistani currency losing its value and the pilgrims would have to bear costly trip to Saudi Arabia.

However, the Ministry of Religious Affairs has already taken the responsibility of bearing the extra expenses. Private Hajj tour operators said that the new Saudi taxes would be affecting them more.

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Telecom Sector Evading Billions of Rupees Tax

Telecom Sector Evading Billions of Rupees Tax


Sumera Saeed | December 29, 2017 | category: News

Telecom Sector Evading Billions of Rupees Tax.A scam of billions of rupee avoiding payment of withholding tax being by the Telecom sector unearthed when on Friday Senate Standing Committee on Finance was informed that only one telecom company was found involved in evasion of withholding tax of rupees 267 million in just three months in FATA alone.

The Standing Committee which met here at the Parliament House under the Chairmanship of Senator Saleem Mandviwala was informed by the officials of the FBR that mobile service mproviser Telenor was found in evasion of withholding tax of rupees 267 million in FATA and PATA areas only in three months.

The Committee was informed that withholding tax is being collected from the consumers but it was not being deposited with the FBR. The committee was informed that the FBR has started receiving data from the telecom sector companies and when it was checked, the tax evasion was traced. As the Telenor was the first company to submit it’s data to the FBR therefore it’s audit was done on priority that found the tax evasion. The committee directed the FBR to complete the audit of all the telecom sector companies within six month and report to the Senate Committee about the findings.

The committee was also informed that cases amounting to rupees 89 billion relating to salea taxes are pending in the courts . The committee was informed that 100 percent penalty will be imposed if any mobile telephone service provider company will be found in withholding tax and Telenor has been issued such notices in this regard for evasion of withholding tax of rupees 267 million.The Committee was also informed that data from the telecom sector companies is being secured on daily basis now to check the payment of taxes.The meeting was attended by Senator Mohsin Khan Leghari, Senator Naseem Jalil, Senator Kalia Ali Agha, Senator Barrister Murtaza Wahab and Senator Mohsin Aziz.

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jobs

No Concrete Measures for Job Creation in Budget: APBF


Sumera Saeed | June 5, 2017 | category: Jobs

All Pakistan Business Forum president Ibrahim Qureshi has said that Pakistan needs 2.5 million jobs annually but the government has taken concrete measures neither in federal nor in Punjab budgets for job creations for the unemployed youth.

Commenting on the 2017-18 federal and Punjab budgets, he termed it a bubble budget, apparently feeling good but does not contain substance.

He condemned the economic manager’s calculator approach in finalizing the budget, which focused more on revenue collection and less on the fulfillment of its major objective of giving a long-term direction to the economy. This budget shows the failure of the Federal Board of Revenue as the reduction of taxpayers in active taxpayers list clearly indicates the failure of the govt, he added.

Terming the federal budget as a number game with no incentives for industry and more privileges for few sectors, he said that government is non-serious to explore new venues for revenue generation and no efforts had been taken to plug revenue leakages amounting in billions. He criticized the Federal Board of Revenue for failing in broadening of tax base. The government instead of generating revenue from direct taxes showed its intention to collect revenue through withholding tax. Moreover, the government after increasing the tax rate for non-filers had admitted its failure to implement the concept of filer and non-filer introduced in the last budget.

He also opposed the Punjab government for slapping duty on internet services. He said internet had now become a necessity for every sector of the economy, whether its agriculture, healthcare, education or SMEs. He said that small size businesses have also a monthly bill of more than Rs1,500. Making broadband expensive will have a very negative impact on the overall economy, as taxing broadband is like raising petrol prices, which affects every sector of the economy, he added. Ibrahim Qureshi said that like the previous governments, this one too has refrained from bringing big fishes into the tax net or even taking measures to prevent major tax evasions. The government attempted to squeeze the neck of old taxpayers instead of taking efforts to bring new taxpayers into tax net.

He blasted the authorities for not keeping its focus on resolving the energy crisis and allocating sufficient funds for the construction of big reservoirs including Kalabagh Dam in budget. He said that policymakers would have to address the concerns of the public since they suffer the most as a result of the power crisis. Ibrahim Qureshi questioned the claims of the government regarding reduction in unemployment, improvement in per capita income and improved energy situation.

The government is opening up the Pakistan economy to imports. While lower duty on raw materials and inputs is needed, but duty free imports of machinery will result in huge spending of scarce foreign exchange and jobs creations abroad, and no jobs for Pakistanis.

Ibrahim Qureshi regretted that no corrective action has been announced in the budget to increase direct taxation and more emphasis has been laid on indirect taxation.

Warid offering you To Enjoy Complete Balance Without Tax Reduction with Warid Recharge Offer

Warid offering you To Enjoy Complete Balance Without Tax Reduction with Warid Recharge Offer


Sumera Saeed | November 2, 2016 | category: Mobile Phones

Warid offering you To Enjoy Complete Balance Without Tax Reduction with Warid Recharge Offer

Now the Warid Telecom customers can enjoy the complete balance without tax reduction with new Warid Recharge Offer. You can now have the complete tax free recharge on the load of Rs.100 or more.

The complete recharge offer is valid for Warid Prepaid customers.

Warid offering you To Enjoy Complete Balance Without Tax Reduction with Warid Recharge Offer

How to Avail Complete Balance with Warid Recharge Offer:

  • Just dial *227# before loading the card.

Terms and Conditions:

  • Warid customer can use this balance for local calls, SMS and Mobile Internet.
  • Validity of Free Balance will be of 7 Days
  • P2P balance share not to be considered as recharge
  • Free balance is not transferable
  • In case of package change, free balance to remain intact