{"id":79766,"date":"2021-09-17T11:30:38","date_gmt":"2021-09-17T06:30:38","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=79766"},"modified":"2021-09-17T17:07:38","modified_gmt":"2021-09-17T12:07:38","slug":"ntc-tax-division-between-centre-and-provinces","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/ntc-tax-division-between-centre-and-provinces.html","title":{"rendered":"NTC shares tax division between centre and provinces"},"content":{"rendered":"\n<p>Islamabad: The federal and provincial governments have reached a consensus mechanism of tax sharing and implementation on construction, restaurants, transportation and other businesses, news sources reported on Thursday (September 16). In this regard the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/govt-set-up-national-tax-council-uniform-taxation.html\" target=\"_blank\">National Taxation Council<\/a> (NTC), an apex consultatory body met in Islamabad to share the mechanism of taxation and federal and provincial tax jurisdiction.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-tax-self-use-commercial-properties.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab withdraw tax imposed on \u2018self-use\u2019 commercial properties<\/a><\/p>\n\n\n\n<p>The NTC meeting was presided over by Federal Finance Minister Shaukat Tarin and attended by provincial finance ministers. The attendees extensively deliberated on the jurisdiction of taxation and came up with the following recommendations:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Tax on construction business will be implemented as per the constitution. However, further consultation between the federal and provincial governments will convene to decide the technical matters<\/li><li>Province will continue to tax restaurants and work on a reference sent to the law division for feedback<\/li><\/ul>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/overseas-pakistanis-given-access-to-fbrs-iris-portal-for-filing-tax-returns.html\" target=\"_blank\" rel=\"noreferrer noopener\">Overseas Pakistanis given access to FBR\u2019s IRIS portal for filing tax returns<\/a><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The federal government will collect sales tax on toll, while the province will have the taxation rights on the transportation sector.<\/li><\/ul>\n\n\n\n<p>In addition, the NTC agreed to create a single tax filing method in order to improve tax return filing and the ease of doing business in Pakistan. A technical consultation will be held between the federal and provincial governments in this respect.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal and provincial governments have reached a consensus mechanism of tax sharing and implementation on construction, restaurants, transportation and other businesses, news sources reported on Thursday (September 16). In this regard the National Taxation Council (NTC), an apex consultatory body met in Islamabad to share the mechanism of taxation and federal and provincial tax jurisdiction. Read: Punjab withdraw tax imposed on \u2018self-use\u2019 commercial properties The NTC meeting was presided over by Federal Finance Minister Shaukat Tarin and attended by provincial finance ministers. The attendees extensively deliberated on the jurisdiction of taxation and came up with the following recommendations: Tax on construction business will be implemented as per the constitution. However, further consultation between the federal and provincial governments will convene to decide the technical matters Province will continue to tax restaurants and work on a reference sent to the law division for feedback Read: Overseas Pakistanis given access to FBR\u2019s IRIS portal for filing tax returns The federal government will collect sales tax on toll, while the province will have the taxation rights on the transportation sector. In addition, the NTC agreed to create a single tax filing method in order to improve tax return filing and the&hellip;<\/p>\n","protected":false},"author":84,"featured_media":63123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15016],"tags":[48231,48230],"persona":[],"class_list":{"0":"post-79766","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-new-developments","9":"tag-national-taxation-council","10":"tag-ntc-shares-tax-division-between-centre-and-provinces","11":"cat-15015-id","12":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NTC shares tax division between centre and provinces - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal and provincial governments have reached a consensus mechanism of tax sharing and implementation on construction, restaurants,\" \/>\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\/ntc-tax-division-between-centre-and-provinces.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NTC shares tax division between centre and provinces - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal and provincial governments have reached a consensus mechanism of tax sharing and implementation on construction, restaurants,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/ntc-tax-division-between-centre-and-provinces.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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