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

Punishing evaders
02 May, 2024

Punishing evaders

THE FBR’s decision to block mobile phone connections of more than half a million individuals who did not file...
Engaging Riyadh
Updated 02 May, 2024

Engaging Riyadh

It must be stressed that to pull in maximum foreign investment, a climate of domestic political stability is crucial.
Freedom to question
02 May, 2024

Freedom to question

WITH frequently suspended freedoms, increasing violence and few to speak out for the oppressed, it is unlikely that...
Wheat protests
Updated 01 May, 2024

Wheat protests

The government should withdraw from the wheat trade gradually, replacing the existing market support mechanism with an effective new one over the next several years.
Polio drive
01 May, 2024

Polio drive

THE year’s fourth polio drive has kicked off across Pakistan, with the aim to immunise more than 24m children ...
Workers’ struggle
Updated 01 May, 2024

Workers’ struggle

Yet the struggle to secure a living wage — and decent working conditions — for the toiling masses must continue.