VAT and TAX
NBR faces IMF pressure to withdraw ICT tax exemption
The country’s income from the ICT sector at present is $1.9 billion. The sector has generated 20 lakh job opportunities in addition to 6.5 lakh freelancers. Start-up investment now stands at $ 5,000 million. All these achievements have been made due to the government’s business-friendly policies in this sector.
No mobile handset to be closed in country
Consumers worry over whether the mobile handset is legal or illegal, whether it will get the network or not, is going to end soon.
When the individual seeks a shadow of development
We are constantly reminded to pay VAT and taxes to further the government’s development initiatives. All fine and good! The massive development projects sprouting up have, so we’re told are mostly being built with our money, meaning taxpayer contribution. Nothing could be better than depending on fewer, expensive loans. That the exhortations aren’t enough there’s a marvellous system of tax on tax ranging from Advance Income Tax to cool deductions from bank accounts of tax and Excise duties and almost 25% added to bills when eating out. And one can barely top-up cell phone bills before the scythe of tax is applied.
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