Telcos to Ask Govt For Reversal Of Withholding Tax On Cellular Services In New Budget
See Also: MMBL collaborates with IWCCI to promote access to Digital Financial Solutions for Women Micro-entrepreneurs As of now, the government has changed. Shahbaz Sharif has become the latest prime minister of Pakistan a few days ago. Similarly, the new ministers for information and technology and finance are going to take charge in a few days. So, there are chances that the government will announce new taxes and regulations in the upcoming budget. So keeping this in mind, the telecom companies are in a process of making the government agree to revise the increase in withholding tax on telecom services. The operators said that it has a huge impact of around Rs. 18 billion per year. Pakistan currently has a 220 million population among which only 1 per cent of people file income tax. Although the majority of the country’s population has a non-taxable income, these people are paying withholding tax, which they can never claim. Check Also: AgriTech has great potential to flourish in Pakistan
