finance bill


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finance bill

n
(Economics) a legislative bill providing money for the public treasury
References in periodicals archive ?
14 (ANI): Following the passing of the Finance Bill in the Parliament on Wednesday allegedly without discussing the same, opposition parties lashed out at the Bharatiya Janata Party (BJP) for "strangling" the democracy.
ISLAMABAD -- The Federal Board of Revenue (FBR) is contemplating changing tax laws via Finance Bill 2018 to revise restrictions in local tax statute and absence of obligatory disclosure requirements of Pakistani nationals in respect to their income and overseas assets.
Responding to MPs at a plenary of the House of People's Representatives (HPR) dedicated to the review of the 2018 finance bill, he added that "worsening of the trade deficit has generated additional pressure on foreign exchange reserves, negatively impacting the dinar exchange rate".
Responding to MPs at a plenary of the House of People's Representatives (HPR) dedicated to the review of the 2018 finance bill Wednesday, he added that "worsening of the trade deficit has generated additional pressure on foreign exchange reserves, negatively impacting the dinar exchange rate".
The second Finance Bill of 2017, published today (8 September), will make the tax system fairer by cracking down on avoidance and evasion, and will bring in vital tax revenue needed for public services.
ISLAMABAD -- Minister for Law and Justice Zahid Hamid informed the Senate that the government incorporated 75 recommendations out of 129 in the Finance Bill 2017-18 partially and fully suggested suggested by the senators.
As the new Finance Bill (2017-2018) was in the making, everybody was looking up with high hopes to the economic managers and government for long-term relief to the farmers; however, the budgetary speech has left much more to be desired.
After passage of Finance bill, PM is bound to get approval from cabinet in any matter or decision making process but JIT has compelled him to convene meeting of the federal cabinet, sources said.
Constitutionally, the Finance Bill requires simple majority for NA's approval and subsequent, yet ceremonial, approval from the President before it comes into effect on July 1 every year.
However, in a number of significant amendments to the Finance Bill made on Tuesday by the UK Government, these changes are now on hold.
The amended Finance Bill 2016 has restrained the Federal Board of Revenue (FBR) from attachment of bank accounts of taxpayers till Commissioner Appeal decides first stage of appeal of taxpayers.
The Senate Standing Committee for finance has completed its consideration on finance bill.

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