Senate panel suggests key changes to tax law

Published November 19, 2021
Jamiat Ulema-i-Islam Senator Talha Mehmood presides over a meeting of the Senate Standing Committee on Finance on Thursday. — Senate of Pakistan Twitter
Jamiat Ulema-i-Islam Senator Talha Mehmood presides over a meeting of the Senate Standing Committee on Finance on Thursday. — Senate of Pakistan Twitter

ISLAMABAD: The Senate Standing Committee on Finance on Thursday reviewed the Tax Laws (Third Amendment) Bill, 2021 and recommended with a majority vote a number of recommendations, including the one rejecting the suggestion to disconnect gas and electricity connections of those traders who failed to register for sales tax.

The committee, which met under chairmanship of Talha Mehmood of the Jamiat Ulema-i-Islam, also rejected the new insertion of 14 per cent tax on import of re-meltable scrap if imported by steel melters. According to a handout issued by the Senate Secretariat, the chairman of the committee directed that a letter be written to the authority concerned to seek an answer as to from where the proposal had actually come.

The amendment also gives powers to the tax authorities to disable mobile phones or mobile phone SIMs and issue income tax general order in respect of persons who do not appear on the active taxpayers list (ATL), which was also rejected by a majority vote.

The committee also rejected the omission of the prosecution for unauthorised disclosure of information by a public servant.

The amendment about additional advance tax from professionals not appearing on the ATL and operating from residential premises was also rejected by the committee.

“It’s a way of harassment,” said Senator Mohsin Aziz of the ruling Pakistan Tehreek-i-Insaf.

Published in Dawn, November 19th, 2021

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Impending slaughter
Updated 07 May, 2024

Impending slaughter

Seven months into the slaughter, there are no signs of hope.
Wheat investigation
07 May, 2024

Wheat investigation

THE Shehbaz Sharif government is in a sort of Catch-22 situation regarding the alleged wheat import scandal. It is...
Naila’s feat
07 May, 2024

Naila’s feat

IN an inspirational message from the base camp of Nepal’s Mount Makalu, Pakistani mountaineer Naila Kiani stressed...
Plugging the gap
06 May, 2024

Plugging the gap

IN Pakistan, bias begins at birth for the girl child as discriminatory norms, orthodox attitudes and poverty impede...
Terrains of dread
Updated 06 May, 2024

Terrains of dread

Restored faith in the police is unachievable without political commitment and interprovincial support.
Appointment rules
Updated 06 May, 2024

Appointment rules

If the judiciary had the power to self-regulate, it ought to have exercised it instead of involving the legislature.