Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Federal excise, sales, income tax ordinances laid in NA
06-16-2011, 12:11 PM
Post: #1
Federal excise, sales, income tax ordinances laid in NA
ISLAMABAD: Minister for Religious Affairs Syed Khursheed Shah on Tuesday laid Federal Excise (amendment) Ordinance, 2011, Income Tax (amendment) Ordinance, 2011, Sales Tax (amendment) Ordinance, 2011 and National University of Modern Languages (amendment) Ordinance, 2011 in the National Assembly as required by clauses (2) Article 89 of the Constitution.

He laid the ordinances on behalf of Minister for Finance, Revenue, Economic Affairs, Statistics and Planning and Development Dr Abdul Hafeez Shaikh.

He said to enhance tax revenues during the current financial year, the government promulgated the Federal Excise (amendment) Ordinance 2011, Income Tax (amendment) Ordinance, 2011 and Sales Tax (amendment) Ordinance, 2011.

The said ordinances have amended the Federal Excise Act, 2005 to increase the rate of Special Excise Duty from 1 percent to 2.5 percent, Income Tax Ordinance, 2001 to provide for the levy of 15 percent surcharge on income tax payable during the period from the date of promulgation and Sales Tax Act 1990 to elaborate the purpose of imposition of 17 percent sales tax on tractors.

The objects and reasons of National University of Modern Languages (amendment) Ordinance, 2011 was to improve National University of Modern Languages Ordinance, 2000 as there have been disturbances and incidents of indiscipline in the university in the recent past which has necessitated the appropriate amendments.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Sindh To Approach Federal Government To Resolve The Issue Of Land Grabbed Salman 0 697 03-04-2014 02:02 PM
Last Post: Salman
  Construction of 500,000 low-income group houses start next month Salman 0 737 02-25-2014 01:23 PM
Last Post: Salman
  Excise Department Introduces A Website For Property Tax Payers Salman 0 535 02-17-2014 01:13 PM
Last Post: Salman
  Pakistan Govt Low Income Housing Scheme Salman 0 1,480 02-13-2014 11:58 AM
Last Post: Salman
  Federal Govt Decided to Establish Real Estate Regulatory Authority Salman 0 2,849 12-17-2013 01:43 PM
Last Post: Salman
  Property Tax Survey Completed By Excise Department Salman 0 3,041 11-19-2013 04:51 PM
Last Post: Salman
  PM Announced Laon Scheme For Construction of Houses For Low Income People Salman 0 7,099 11-08-2013 02:23 PM
Last Post: Salman
  Maximising revenue: CDA board weighs proposals to diversify sources of income Salman 0 1,163 05-10-2013 11:21 AM
Last Post: Salman
  Karachi : Federal Govt Employees Housing Foundation (FGEHF) Apartments Balloting/Draw Salman 0 3,947 04-27-2013 02:00 PM
Last Post: Salman
  Excise Department Ordered To Undertake Taxation Survey Salman 0 1,897 04-27-2013 01:54 PM
Last Post: Salman
  CDA to launch Sector C in federal capital Salman 0 699 04-01-2013 12:30 PM
Last Post: Salman
  Foundation Stone Of Another Flyover Project In Karachi Has Been Laid Salman 0 1,182 10-17-2012 12:24 PM
Last Post: Salman
  Foundation stone of Teen Hatti flyover laid Salman 0 1,170 10-12-2012 04:23 PM
Last Post: Salman
  Pakistan Budget 2012-13 : Income Tax exemption limit raised to Rs.50,000/- Salman 0 7,504 06-01-2012 12:48 PM
Last Post: Salman
  Govt decides to construct flats for Federal officers in Sector I-12 Salman 0 1,986 05-10-2012 12:29 PM
Last Post: Salman
  Islamabad Property News : Housing Schemes for Federal Govt Employees Scales 1-16 soon Salman 0 3,007 03-21-2012 02:34 PM
Last Post: Salman
  Federal Cabinet Briefed on Baluchistan/Gwadar LRE 1 1,559 12-25-2011 07:28 PM
Last Post: LRE
  CDA plan new residential sector near Park Enclave Islamabad for low income groups Salman 0 1,913 10-19-2011 12:37 PM
Last Post: Salman
  Income tax threshold likely to be raised to Rs 350,000 Lahore_Real_Estate 0 955 06-01-2011 12:18 PM
Last Post: Lahore_Real_Estate
  Poultry Association urges govt not to impose 15% sales tax Lahore_Real_Estate 0 1,203 05-17-2011 12:01 PM
Last Post: Lahore_Real_Estate

Forum Jump:


User(s) browsing this thread: 1 Guest(s)