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Govt to finalize telecom tax for Budget 2018-19

 

Dr. Miftah Ismail, Prime Minister’s monetary advisor has mentioned that annual price range of 2018-19 will give due consideration to IT and telecommunication centers as these are essential sectors of the economic system.

Earlier, Pakistan telecommunication firms approached the Ministry of Finance for the rationalization of telecom tax within the nation. The businesses additionally introduced varied proposals for presidency’s consideration for the upcoming price range of 2018-19.

Dr. Ismail held a high-level assembly to debate the tax proposals submitted by the Ministry of Info Know-how and Telecommunications. The assembly mentioned that the telecom sector had proven speedy progress within the final a few years. Nonetheless, IT Sector had additionally began to select up and efforts needs to be made to additional enhance the expansion momentum.

It was determined that additional consideration can be finished by FBR & MoIT (Ministry of Info Technolgy) to finalize the suitable telecom tax proposals within the price range 2018-19. Earlier this yr, Senate Standing Committee for Info Know-how and Telecommunication additionally confirmed concern over high telecom taxes imposed on the consumers by the federal government.

The telecom sector yearly retains a watch to rationalize tax in Pakistan. In the previous couple of years, Pakistanis have paid RS. 200 billion taxes on utilizing their cell phones which most people weren’t sure to pay.

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