Senate committee approves proposals for inclusion in federal budget

June 18, 2013 Off By Web Desk

Islamabad: The Senate Standing Committee on Finance has approved various proposals for including in the new federal budget. The committee which met in Islamabad under the chairmanship of Nasreen Jalil approved these proposals.

These proposals include imposition of 5 percent tax on non-registered industrial and commercial electricity consumers‚ imposition of five thousand rupees tax on Tour operators for Hajj and Umrah‚ imposition of 200‚000 rupees tax on private educational institutions and imposition of agriculture tax in Islamabad Capital Territory.

The committee rejected the proposal to enhance general sales tax from sixteen to seventeen percent. It also suggested to exempt government employees income up to 500‚000 rupees from tax. Secretary Finance Waqar Masood told the committee that two percent additional tax on unregistered petrol pumps has been withdrawn and these stations have been two weeks time for registration.