turnover tax


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turnover tax

nUmsatzsteuer f
Collins German Dictionary – Complete and Unabridged 7th Edition 2005. © William Collins Sons & Co. Ltd. 1980 © HarperCollins Publishers 1991, 1997, 1999, 2004, 2005, 2007
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The FBR used to confuse 0.1% turnover tax with 1% withholding tax.
LAHORE -- The All-Pakistan Anjuman Tajran has urged the Federal Board of Revenue (FBR) to explain various complications in the general sales tax and turnover tax collection before the tax laws come into force by Aug 1.
The industrialists suggested to reduce withholding tax to 1% from 4.5% and turnover tax to 0.10% from 1.5%.
The 11-point agenda of the KTAC demands a rollback of many important measures introduced by the government in the budget, include provisions to register the transactions of Rs50000 and above through obtaining National Identity Cards (NIC) of the buyers, a reduction of the turnover tax and restoring tax exemptions to incomes of Rs1.2 million per annum.
KARACHI -- President Karachi Chamber of Commerce and Industry (KCCI) Junaid Esmail Makda has requested the Federal Board of Revenue (FBR) to issue necessary instructions to all RTOs to refrain from sending notice for demanding the unjust Annual Turnover Tax to members of Pakistan Yarn Merchants Association (PYMA) till the issue is resolved as the Annual Turnover Tax, which was 0.1 percent, was inadvertently being charged at 1.0 percent.
They also demanded for raising the ceiling of VAT enlistment for the business enterprises to Tk 48 lakh from Tk 36 lakh as well as raising the ceiling of turnover tax to Tk 1.80 crore from Tk 1.50 crore and thus keeping the rate at 3 percent.
The Federal Board of Revenue (FBR) is expected to reduce the turnover tax imposed on seed-supplying companies.
The presumptive tax was introduced in the 2018-19 financial year budget statement to replace the turnover tax which is charged at three per cent.
'Investors feel that government promise in yesterday (Sunday) meeting regarding Capital Gains Tax and turnover tax may help restore some sentiments,' Topline Securities CEO M.
A GROSS profits tax of ten per cent on retail and 20 per cent online could generate €25m more in actual revenue for the exchequer, the Irish Bookmakers Association is hoping to convince minister for finance Paschal Donohoe during a first-quarter review of the decision to double the rate of betting turnover tax to two per cent.
Summary: French President Emmanuel Macron said he still hopes to persuade Germany to back a European Union-wide digital turnover tax, despite Berlin's preference for a global minimum corporate tax to stop firms shopping around for tax havens.
In 2008, Kenya introduced a three per cent turnover tax targeting small and medium enterprises with a less than Sh5 million annual turnover.