Page 15 - வர்த்தகம் அப்துல் ர்யாஸக் தாவூத் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

National May 25, 2021 ISLAMABAD: The government is contemplating upon different options to provide relief to the country’s giant multinational companies including slashing down turnover tax from the existing rate of 1.5 per cent to 0.5 per cent in the upcoming budget. On a unanimous charter of demands presented by three chambers including Overseas International Chambers of Commerce and Industries (OICCI), Pakistan Business Council (PBC) and American Business Council (ABC) during their virtual meeting with Federal Minister for Finance Shaukat Tarin on Monday, they tabled 10 major demands and reduction in the turnover tax at the existing rate of 1.5 per cent was described as a matter of their survival so they demanded reducing it to 0.5 per cent in the upcoming budget. The FBR high-ups were also present in the meeting. All three chambers were unanimous in their demand that this turnover tax should be imposed on the basis of profits instead of turnover, but the government indicate

United statesShaukat tarinAbdul razak dawoodPakistan business councilEconomic advisory councilAmerican business councilInternational chambers of commercePakistan chamberPak us business councilInvestment chamberOverseas international chambersFederal ministerFinance shaukat tarinGeneral sales taxAfghan transit tradeThrough finance act