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