damacLogo
SCHEDULE A CALL ENQUIREProjects
  • Real Estate Pricing
    • Bahria Town
    • DHA City
  • BlogContact UsAffliate Login

    Rejecting New Taxes 2021

    • Nov 19, 2021, 04:21 AM IST
    • By Awais Kayani
    Share:
    Thumb
    Table of Contents

      The new tax laws in the Third amendment bill 2021 were presented to Senate’s standing committee for approval and recommendation.

      The recommendation was to be based on the number of majority of votes by the current senate standing committee. The tax laws were presented on Thursday on the subject of finance.

      The committee was led by the chairmanship of Talha Mehmood of Jamiat Ulema-I-Islam. The committee rejected a few taxation laws on majority ruling. The committee rejected the following Tax laws amendments:

      • To disconnect the electricity and gas supply connections of traders that are not registered for sales tax.
      • To add 14% tax on import of re-meltable scrap if imported by steel-melters. 
      • Giving the power to tax authority to disable mobile phones or mobile phone SIMS if the person does not appear on the active tax player list (ATL) and also issue an income tax general order. 
      • Omission of prosecution for unauthorized disclosure of information by a public servant. 
      • Additional advance tax from professionals not appearing on the active taxpayer list.

      Read More: Karachi is Overcrowded - Investment in Bin Ahsan & Tower 51

      Although these tax laws are one of the different ways the government thought of generating revenue, however many people feel like the government is trying to push luck and make the “most out of” this situation of chaos in Pakistan. 

      As per Senator Mohsin Aziz

      “It’s a way of harassment,”

      Hey? Is there a home for sale near me? We can help you find one! Get 20% off right away. Contact us and avail this opportunity!

      • Nov 19, 2021, 04:21 AM IST
      • By Awais Kayani
      Share:

        Write Comments

        Recent Post

        • Thumb
          DHA North (Indus Hills): Commercial Strategy or Cannibalisation?
          2025-04-05
        • Thumb
          Why the Current Global Real Estate Downturn is the Perfect Time to Invest?
          2025-03-24
        • Thumb
          Malik Riaz & Bahria Town: The Empire That Divided Pakistan – Hero or Villain?
          2025-03-24
        • Thumb
          The Shift Towards Green Building Practices in Property Development
          2024-09-07
        • Thumb
          Government's New Policy on Property Valuation What It Means
          2024-09-07
        • Thumb
          Rising Interest Rates Impacting Real Estate Investment in Pakistan
          2024-09-07
        • Thumb
          Urbanization and the Rise of Vertical Living: The Future of Real Estate in Pakistan's Major Cities
          2024-09-07
        • Thumb
          The Role of CPEC in Transforming Pakistan's Real Estate: Opportunities and Challenges
          2024-09-07
        • Thumb
          The Impact of Government Policies on Pakistan's Real Estate Market: A Decade in Review
          2024-09-07
        • Thumb
          Exciting News for Paragon Tower B in BTK!
          2024-05-24
        damacLogo

        Follow Us On

        WHY REDBOX?

        • About REDBOX
        • Founder's Message
        • Investor relations
        • Corporate Social Responsibility
        • Careers

        PROJECTS

        • Paragon Towers
        • Redsim Hills
        • Blue Lake Farmhouses
        • AQ Bazaar
        • DHA City
        • ASF City

        SUBSIDIARIES

        • Redbox TV
        • Redflix
        • The Right Links
        • IMake
        • Next Factor
        • Sell More

        REDBOX ASSIST

        • Bahria Town Karachi
        • DHA City Karachi
        • Contact Us

        MEDIA CENTER

        • Video Gallery
        • REDBOX Blogs
        • Industry News
        • REDBOX TV
        • Terms and Conditions
        • Cookie Policy
        • Privacy Policy
        • Corporate Communication Policy

        © 2024 REDBOX Real Estate Marketing. All Rights Reserved