AIRLINK 75.30 Increased By ▲ 1.60 (2.17%)
BOP 4.94 Increased By ▲ 0.04 (0.82%)
CNERGY 4.39 Decreased By ▼ -0.13 (-2.88%)
DFML 41.18 Decreased By ▼ -3.70 (-8.24%)
DGKC 83.31 Decreased By ▼ -2.19 (-2.56%)
FCCL 21.65 Increased By ▲ 0.25 (1.17%)
FFBL 32.00 Decreased By ▼ -0.51 (-1.57%)
FFL 9.42 Decreased By ▼ -0.17 (-1.77%)
GGL 10.08 Decreased By ▼ -0.19 (-1.85%)
HASCOL 6.82 Decreased By ▼ -0.31 (-4.35%)
HBL 114.00 Decreased By ▼ -0.70 (-0.61%)
HUBC 139.10 No Change ▼ 0.00 (0%)
HUMNL 12.00 Decreased By ▼ -0.42 (-3.38%)
KEL 4.91 Decreased By ▼ -0.12 (-2.39%)
KOSM 4.36 Decreased By ▼ -0.09 (-2.02%)
MLCF 37.51 Decreased By ▼ -0.09 (-0.24%)
OGDC 132.85 Decreased By ▼ -3.95 (-2.89%)
PAEL 24.85 Decreased By ▼ -0.54 (-2.13%)
PIBTL 6.60 Decreased By ▼ -0.09 (-1.35%)
PPL 117.80 Decreased By ▼ -3.20 (-2.64%)
PRL 26.06 Decreased By ▼ -0.53 (-1.99%)
PTC 13.72 Decreased By ▼ -0.38 (-2.7%)
SEARL 57.25 Decreased By ▼ -0.05 (-0.09%)
SNGP 66.50 Decreased By ▼ -1.50 (-2.21%)
SSGC 10.24 Decreased By ▼ -0.18 (-1.73%)
TELE 8.21 Decreased By ▼ -0.24 (-2.84%)
TPLP 10.70 Decreased By ▼ -0.28 (-2.55%)
TRG 62.40 Decreased By ▼ -0.94 (-1.48%)
UNITY 27.04 Decreased By ▼ -0.01 (-0.04%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,846 Decreased By -95 (-1.2%)
BR30 25,256 Decreased By -391.8 (-1.53%)
KSE100 74,836 Decreased By -681.2 (-0.9%)
KSE30 24,004 Decreased By -273.3 (-1.13%)
Print Print 2024-05-15

FBR proposes Rs1.3trn new taxation measures

  • Chalks out plan including additional taxes, withdrawal of exemptions and zero-ratings and taxation of real estate/retail sectors
Published May 15, 2024

ISLAMABAD: The Federal Board of Revenue (FBR) has proposed new taxation measures to the tune of Rs 1,200 billion to Rs 1,300 billion to meet the estimated revenue collection target within the range of Rs11.6 trillion and Rs 11.7 trillion for 2024-25.

Sources told Business Recorder that the FBR has shared the initial sketch of budget proposals with the International Monetary Fund (IMF).

The FBR has chalked out new taxation measures including additional taxes, withdrawal of exemptions and zero-ratings and taxation of real estate/retail sectors.

The FBR has estimated to collect Rs 1.2 trillion to Rs 1.3 trillion through revenue measures for the next fiscal year. The exact figure would be finalized in the next few days.

IMF for taking agreed contingency revenue measures

The budgetary proposals of the FBR have yet to be approved by the Finance Minister.

Copyright Business Recorder, 2024

Comments

Comments are closed.

Aamir May 15, 2024 09:50am
So sky high taxation and zero growth for next year. It's like flogging a dead horse.
thumb_up Recommended (0)
Maqbool May 15, 2024 10:43am
Nothing should be imported Tax Free. Everything should have even a 1% duty so transactions can be monitored ( unlike what happened with Chinese solar panels comming from UAE )
thumb_up Recommended (0)
RSM May 15, 2024 11:44am
when will they Tax what actually should be taxed? Fauji Inc., Big Zameendars, DHA like Real Estate
thumb_up Recommended (0)
KU May 15, 2024 12:24pm
The true state of industrial/agriculture misery with millions unemployment, inflation, etc., does not make the equation. And no action on untaxed n Rs.500 billion corruption in FBR, so laugh it up!
thumb_up Recommended (0)
Usman Ishfaq May 15, 2024 05:55pm
I need loan
thumb_up Recommended (0)
Tariq Qurashi May 16, 2024 10:19am
I hope these additional funds are going to come from a larger tax base and new tax payers, and not "flogging the dead horse" of the old taxpayers.
thumb_up Recommended (0)