Tax and accounting services

06/10/2019

04/07/2019

Tax card for 2020

20/06/2019

13/06/2019

Income from property tax rate

12/06/2019

SHORT BUDGET BRIEFING
1. Increase in pensions @ 10 %

2. Increase in Adhoce allowances of salary 5 to 10%

3. 10% Decrease in salaries of cabinet Decrease in Custom Duty on LPG from 7to 5%

4. Customs duty exemptions of Textile Machinery

5. Reduce of Customs Duty on Paper from 20 to 16 %

6. Reduce in Customs duty on Sports Goods

7. Exemptions of Customs Duty on oil refinery machines

8. Re-Structure of duty on Tyre and Warnish

9. Sales Tax to be Fixed on the basis of capacity and place of manufacturer

10. 7.5% Sales tax on restaurants and bakery

11. 29% tax on corporate sector

12. 3 % Additional Value tax on import of Mobile Phones

13. SRO 1125 Canceled

14. 17 % sales tax on leather

15. 10% Sales tax on cotton

16. Sales tax registrations through Nadra

17. FED on Cold Drinks from 11.2% to 13%

18. FED on Cement from 1.5 to 2 rupees

19. Increase in FED on Cigrates

20. For refunds FBR introduce a Company

21. No activation of fillers after Due date of Income tax return

22. Gift is considered as income