National Highway Authority (NHA) Chairman Jawwad Rafique Malik informed the committee that government had given tax exemption
to the Chinese company under the framework of China Pakistan Economic Corridor (CPEC).
The tax authorities issued SRO 44, SRO 79 for income tax exemption
, and SRO 51 for exemptions on construction materials and goods imported by the company for the project.
The matter came up when the ICC board expressed their concern around the absence of tax exemption
from the Indian Government for ICC events held in India, despite ongoing efforts from both the ICC and BCCI to secure the exemption which is a standard practice for major sporting events around the world,' the ICC statement had said after a meeting last week.
They said that the delay in issuance of Income Tax Exemption
Certificate is encouraging the menace of smuggling that would destroy the national economy and would also open up the floodgates of corruption.
The Resolution seeks to grant travel tax exemption
to travelers from Mindanao and Palawan to BIMP-EAGA to help enhance trade, tourism, and investments in the said areas.
In the first year of implementation on January 1, 2018, only those earning P150,000 will be covered by the tax exemption
and those earning P200,000 and P250,000 a year would only be exempted from tax in 2019 and 2020, respectively.
The vote came hours after the House passed its version of the bill with the credit union tax exemption
Palmer, DDS in supporting a claim for a use tax exemption
on the purchase of a Lancair Columbia 350, the company said.
Congress and the White House continue to discuss federal tax reform and budget deficit reduction proposals, some of which would repeal the tax exemption
Federal government has announced extension in tax exemption
on export of Information Technology (IT) services and products till June 2019 as well as sales tax exemption
Assuming Irene dies with that $10 million a few years later, when the estate tax exemption
has risen to $6 million, her estate would be $4 million over the limit.
The B&O tax exemption
for fruits and vegetables, and wholesale sales to persons who transport the goods out of state in the ordinary course of business, is extended until July 1, 2025.
The governor said that the tax exemption
limit on financial investments by individuals could be increased from INR0.
Rebate on supplies purchased in-state, with additional sales and use tax exemption
on goods, services and lodging
The chairman of the House Committee on Ways and Means yesterday asked the Senate to pass its bill seeking to increase the tax exemption
ceiling for the 13th month pay, Christmas bonus, and other benefits on or before December so that all government and private employees would enjoy the tax exemption