{"id":60121,"date":"2020-01-20T10:00:04","date_gmt":"2020-01-20T10:00:04","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=60121"},"modified":"2020-01-20T10:14:55","modified_gmt":"2020-01-20T10:14:55","slug":"fixed-tax-regime-announcement-expected-today","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fixed-tax-regime-announcement-expected-today.html","title":{"rendered":"Fixed tax regime announcement expected today"},"content":{"rendered":"\n<p>Islamabad: Prime Minister (PM) Imran Khan is scheduled to hold a meeting with a traders\u2019 delegation today (Monday) during which he is expected to announce a number of concessions and special measures, including a fixed tax regime, for the country\u2019s business community, a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-looking-to-introduce-fixed-tax-regime-for-construction-sector.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Govt looking to introduce fixed tax regime for construction sector (opens in a new tab)\">Govt looking to introduce fixed tax regime for construction sector<\/a><\/p>\n\n\n\n<p>As per details, a delegation of nearly 100 business representatives, including the chiefs of a number of business organisations, are set to meet the premier at the PM House today. Federal Board of Revenue (FBR) Chairman Shabbar Zaidi will to attend the meeting. <\/p>\n\n\n\n<p>Further, the PM will inform the delegation about the steps taken by the government to assist the business community and the legislation done on the agreement reached in October last year. He is also expected to urge the community to implement the CNIC condition from February 1 onwards so that it may help document the country\u2019s economy.<\/p>\n\n\n\n<p>Read: <a href=\"http:\/\/zameen.com\/news\/fixed-tax-regime-to-be-finalised-after-consultations-fbr-chief.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Fixed-tax regime to be finalised after consultations: FBR chief (opens in a new tab)\">Fixed-tax regime to be finalised after consultations: FBR chief<\/a><\/p>\n\n\n\n<p>The PM will also announce a fixed tax scheme for merchants. According to the new regime traders with an annual turnover of PKR 100 million or less would pay 0.5% of the turnover instead of 1.5%. These traders would not become withholding agents.<\/p>\n\n\n\n<p>In a separate development, the limit of electricity bill for\nsales tax registration has also been increased from PKR 600,000 to PKR 1.2\nmillion. <\/p>\n\n\n\n<p>The government will also review the rate of turnover tax for\nsectors with low profit ratio and solve the problems of the jewellers in\nconsultation with their associations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan is scheduled to hold a meeting with a traders\u2019 delegation today (Monday) during which he is expected to announce a number of concessions and special measures, including a fixed tax regime, for the country\u2019s business community, a news source reported. Read: Govt looking to introduce fixed tax regime for construction sector As per details, a delegation of nearly 100 business representatives, including the chiefs of a number of business organisations, are set to meet the premier at the PM House today. Federal Board of Revenue (FBR) Chairman Shabbar Zaidi will to attend the meeting. Further, the PM will inform the delegation about the steps taken by the government to assist the business community and the legislation done on the agreement reached in October last year. He is also expected to urge the community to implement the CNIC condition from February 1 onwards so that it may help document the country\u2019s economy. Read: Fixed-tax regime to be finalised after consultations: FBR chief The PM will also announce a fixed tax scheme for merchants. According to the new regime traders with an annual turnover of PKR 100 million or less would pay 0.5% of the turnover&hellip;<\/p>\n","protected":false},"author":57,"featured_media":57398,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[15151],"persona":[],"class_list":{"0":"post-60121","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fixed-tax-regime-announcement-expected-today","9":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Fixed tax regime announcement expected today - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Prime Minister (PM) Imran Khan is scheduled to hold a meeting with a traders\u2019 delegation today (Monday) during which he is expected to announce\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fixed-tax-regime-announcement-expected-today.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fixed tax regime announcement expected today - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Prime Minister (PM) Imran Khan is scheduled to hold a meeting with a traders\u2019 delegation today (Monday) during which he is expected to announce\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fixed-tax-regime-announcement-expected-today.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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