AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,957 Increased By 122.2 (1.56%)
BR30 25,700 Increased By 369.8 (1.46%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)

Hotel & Restaurant Association Gilgit has challenged the imposition and collection of six duties and taxes by the Federal Board of Revenue (FBR) from the hotels/restaurants and residents of Gilgit-Baltistan. Sources told Business Recorder here on Saturday that the writ petition has been filed by the hotel & restaurants association Gilgit before the Gilgit Baltistan Chief Court, Gilgit.
In this case, the petitioner the Hotel & Restaurant Association Gilgit, has challenged the imposition, collection and deduction of taxes and duties from the hotels/restaurants as well as the residents of Gilgit Baltistan, by the FBR, in the absence of any legal authority and without legislation from competent forum, petitioner claimed.
The taxes are 15 percent withholding tax and 19.5 percent Federal Excise Duty (FED) on mobile phone calls through mobile phone companies operating in Gilgit Baltistan. Secondly, 16 percent CED on calls, 4 percent Advance Withholding Tax on purchase of Air Travelling Tickets through airline from the public at large of Gilgit Baltistan in absence of every any adopted law.
Thirdly, 5-10 percent income tax deduction from the salaries of employees in Gilgit Baltistan & 15 percent plus on the income of Business concerns in Gilgit Baltistan. Fourthly, levying of import duties, sales tax, withholding tax etc on the goods importer from China into Baltistan brought for local consumption by the Local Traders.
Fifthly, withholding tax deduction from bank accounts of residents of Gilgit Baltistan Sixthly, imposition of General Sales Tax (GST) on the manufactured goods consumed in Gilgit Baltistan. Sources added that the FBR is preparing comments on the said case and issue primarily relates to Inland Revenue Policy as well as Inland Revenue Operation and the Customs Wing of the FBR.

Copyright Business Recorder, 2016

Comments

Comments are closed.