Search

How much tax non-filers will pay on Rs100 mobile balance? Details inside

02:42 PM | 13 May, 2024
How much tax non-filers will pay on Rs100 mobile balance? Details inside
Source: File Photo

ISLAMABAD – The Federal Board of Revenue (FBR) has worked out a new plan to collect tax from the non-filers as the government aims at expanding the tax net base in the country.

Reports said FBR has decided to deduct amount from the mobile phone balance in wake of withholding tax. It has decided to impose 90 percent tax instead of previous 2.5% on mobile balance by prepaid and post-paid customers, who are non-filers.

It means the telecom companies will deduct Rs90 out of Rs100 balance and pay it to the tax authority till the non-filers submit their returns.

Earlier this week, FBR issued lists of more than 500,000 non-filers and directed the PTA and telecos to block the SIMs of them. .

Reports said the companies have blocked SIMs of 11,500 non-filers while more will be blocked in coming days.

FBR has set May 15 as deadline for the telecom companies to block the SIMs of all non-filers.

FBR earlier identified millions of potential taxpayers who do not pay taxes and issued notices to them. Out of these, over half million individuals were selected for SIM blockade based on criteria related to taxable income declarations in previous years and non-filing for tax year 2023.

Advertisement

Currency Rates in Pakistan - Pak Rupee to US Dollar, Euro, Pound, Dirham, Riyal - 29 June 2024

Pakistani rupee rates against US Dollar and other currencies on June 29, 2024 (Saturday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 277.5 for buying and 280.65 for selling.

Euro's buying rate stands at 293.5 and selling rate is 297.2 while British Pound rate is 349 for buying, and 352.55 for selling.

UAE Dirham AED was at 74.9 and Saudi Riyal at 73.

Currency Rates in Pakistan

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.65
Euro EUR 293.5 297
UK Pound Sterling GBP 349 352.55
U.A.E Dirham AED 74.9 75.7
Saudi Riyal SAR 73 73.8
Australian Dollar AUD 182.2 184
Bahrain Dinar BHD 740.56 748.56
Canadian Dollar CAD 203 205
China Yuan CNY 38.32 38.72
Danish Krone DKK 39.87 40.27
Hong Kong Dollar HKD 35.66 36.01
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.9 1.98
Kuwaiti Dinar KWD 907.51 916.51
Malaysian Ringgit MYR 59.13 59.73
New Zealand Dollar NZD 169.22 171.22
Norwegians Krone NOK 26.38 26.68
Omani Riyal OMR 723.24 731.24
Qatari Riyal QAR 76.5 77.2
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.34 26.64
Swiss Franc CHF 311.34 313.84
Thai Bhat THB 7.58 7.73

Advertisement

Follow us on Facebook

Follow us on Twitter

Sign up for Newsletter