The GSMA recommends abolishing the income tax advance on telecommunications services

-

 The GSMA recommends abolishing the income tax advance on telecommunications services


The Global Mobile Industry Association (GSMA) has proposed the phasing out of advance income tax (AIT) on telecommunications services. According to the GSMA, this will improve the affordability of mobile services and encourage the uptake of communication services in the country.
The GSMA wrote a letter to the Federal Revenue Office (FBR) and IT and telecommunications minister Aminul Haq, recommending that the AIT be reduced from 15 percent to 8 percent in the upcoming federal budget. It further emphasizes that, in addition to general taxes, mobile consumers face a heavy burden of sector-specific taxes.
It is worth noting that there is a tax of 19.5 pct. is selling mobile services and 15 pct. AIT, which makes it the highest tax in the region. Reductions in consumer taxes will undoubtedly lead to higher government tax revenues and GDP.
The GSMA has also shown that the tax contribution of the mobile sector in Pakistan remains higher than the Asian average. He added that by 2020 the total tax contribution to the mobile sector will reach Rs 170 billion, which corresponds to 38 percent of the mobile sector's revenues.
However, it is higher than the Asia-Pacific average of 24 percent and the global average of 22 percent.
The GSMA further recommended that the cash margin limit of 100 PCs on imports be lifted for telecommunications equipment.

Comments

Post a Comment

Popular posts from this blog

Oil & Gas Exploration Efforts in Pakistan’s Offshore Area Continue to Disappoint

-
Image
 Oil & Gas Exploration Efforts in Pakistan’s Offshore Area Continue to Disappoint  Eighteen wells have been drilled so far in Pakistan offshore area, however, no oil and gas reserves have been discovered to date, revealed Petroleum Division. Official documents seen by ProPakistani reveal that Pakistan Offshore is still under exploration by local companies, and there are two active exploration licenses. However, there is no firm commitment to the drilling of exploration wells during the calendar year 2021-22. The government of Pakistan has engaged previously a number of international companies for deep-sea exploration of oil and gas in Pakistan. As a result of holistic efforts, the following exploration and production companies have started exploratory activities in Pakistan’s offshore oil and gas sector: ENI Pakistan Limited BP Pakistan Exploration & Production Total Exploration & Production Petronas Carigali (Pakistan) Limited Petrobars Oil & Gas Pakistan BV Shell Deve
Read more

Stay true to the Hot Selling Trend realme C35 Sold in Pakistan

-
Image
 Stay true to the Hot Selling Trend realme C35 Sold in Pakistan Realme debuted with the first C-Series smartphone this year - the Realme C35 today in Pakistan, after successful sales in European and South Asian markets. The real C35 attracts online pre-orders in many ways by selling all its inventory during the first five days. Now a hot C-Series retailer with its glowing silk design, 50MP AI Triple Camera and 6.6-inch FHD display is about to attack offline markets in Pakistan. Realme is proud to be an innovator in its field and dreams of the impressive technologies and creative designs of its many phone series. For the latest entry into the affordable C-Series, the true C35, the emerging smartphone market draws inspiration from one of the world's oldest and richest materials - silk. The C-Series of the Realm has amassed a legacy of providing high quality smartphones in an effort to technically democratize the area for low budget consumers. The real C35 is made with a Glowing Silk
Read more

Moto E32 Gets Certified By The FCC, EEC, NBTC & Wi-Fi Alliance

-
Image
 Moto E32 Gets Certified By The FCC, EEC, NBTC & Wi-Fi Alliance In the period in-between, the Moto Edge 30 has been floating throughout the rumor mill in the type of leaked renders and exceptional leaks. Final month, the Lenovo-owned firm even teased the Moto Edge 30 Professional smartphone’s world and India release. The mobile phone’s sale is in the meanwhile live on Flipkart. Furthermore, a secret agent picture of the Motorola Edge X30 Underneath-Display display screen Digicam Version surfaced online earlier this week. Nevertheless, Motorola is still mum on the perfect launch date and different key details concerning the Moto E32. Nonetheless, the aforesaid listings provide us an idea of what the imminent handset has to supply. The brand new Moto smartphone carrying model numbers XT2227-1, XT2227-2, XT2227-three, and XT2227-Four has regarded on the Wi-Fi Alliance internet website online. These model numbers are related to the Motot E32 collection. Furthermore, the model numbers m
Read more