AIRLINK 195.64 Increased By ▲ 3.80 (1.98%)
BOP 10.16 Increased By ▲ 0.29 (2.94%)
CNERGY 7.90 Increased By ▲ 0.23 (3%)
FCCL 38.40 Increased By ▲ 0.54 (1.43%)
FFL 16.06 Increased By ▲ 0.30 (1.9%)
FLYNG 25.40 Increased By ▲ 0.09 (0.36%)
HUBC 130.75 Increased By ▲ 0.58 (0.45%)
HUMNL 13.82 Increased By ▲ 0.23 (1.69%)
KEL 4.66 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.31 Increased By ▲ 0.10 (1.61%)
MLCF 45.02 Increased By ▲ 0.73 (1.65%)
OGDC 209.60 Increased By ▲ 2.73 (1.32%)
PACE 6.68 Increased By ▲ 0.12 (1.83%)
PAEL 41.15 Increased By ▲ 0.60 (1.48%)
PIAHCLA 17.68 Increased By ▲ 0.09 (0.51%)
PIBTL 8.15 Increased By ▲ 0.08 (0.99%)
POWER 9.35 Increased By ▲ 0.11 (1.19%)
PPL 180.80 Increased By ▲ 2.24 (1.25%)
PRL 39.90 Increased By ▲ 0.82 (2.1%)
PTC 24.59 Increased By ▲ 0.45 (1.86%)
SEARL 110.60 Increased By ▲ 2.75 (2.55%)
SILK 0.99 Increased By ▲ 0.02 (2.06%)
SSGC 38.35 Decreased By ▼ -0.76 (-1.94%)
SYM 19.29 Increased By ▲ 0.17 (0.89%)
TELE 8.77 Increased By ▲ 0.17 (1.98%)
TPLP 12.35 Decreased By ▼ -0.02 (-0.16%)
TRG 66.10 Increased By ▲ 0.09 (0.14%)
WAVESAPP 12.38 Decreased By ▼ -0.40 (-3.13%)
WTL 1.69 Decreased By ▼ -0.01 (-0.59%)
YOUW 4.00 Increased By ▲ 0.05 (1.27%)
BR100 12,076 Increased By 145.4 (1.22%)
BR30 35,998 Increased By 338.6 (0.95%)
KSE100 114,808 Increased By 1601.2 (1.41%)
KSE30 36,074 Increased By 508.8 (1.43%)

Overseas Investors Chamber of Commerce and Industry (OICCI) has suggested that all the revenue boards should agree on jurisdictions and common rules so that issues of 'origin ' and 'consumption' on services and claim of input taxes should be clarified in a simple and understandable manner, including basis of apportionment of revenues.
Secondly, the resolution should be facilitating for the taxpayer, rather than creating hardship in compliance. The tax allocation should be done by the revenue authorities without creating hardship for the taxpayers. After the promulgation of provincial legislations, the taxability of services continues to be a dilemma. Both the Federal and provincial revenue collectors (Sindh, Punjab and KPK) have been pursuing the taxpayers with regard to deposit of tax/ duty within their respective jurisdiction, as per the provincial/federal laws, creating undue hardship and double taxation claims for taxpayers. Duplicate taxation is causing hardships to taxpayers and has given rise to unnecessary litigations.

Copyright Business Recorder, 2015

Comments

Comments are closed.