taxes

SC directs to review mechanism of petroleum prices, taxes

SC directs to review mechanism of petroleum prices, taxes

KARACHI ;The Supreme Court on Friday has expressed reservations over the briefing of Oil and Gas Regulatory Authority (OGRA), Pakistan State Oil (PSO) and other officials and directed to review the mechanism petroleum prices and imposition of additional taxes. Chief Justice of Pakistan (CJP) Mian Saqib Nisar heard the case in Supreme Court Karachi registry. […]

China temporarily waives taxes to get foreign firms to stay

China temporarily waives taxes to get foreign firms to stay

  BEIJING:China will temporarily waive income taxes for foreign companies on profits they reinvest in the country as Beijing battles to retain foreign firms and investment. The finance ministry announced Thursday the new tax policy, which will apply retroactively from January so businesses will be able to take advantage of the exemption for this year’s taxes. The […]

This is a budget that taxes our future, Sherry

This is a budget that taxes our future, Sherry

ISLAMABAD, May 30, 2017: Vice President PPPP, Senator Sherry Rehman expressed dismay over the recent budget presented by the government saying, “The government just stripped people of hope for a better life by telling them it is blithely continuing to tax them to pay for its profligate spending.” “It is appalling to observe that around […]

Saudi finance minister says no income taxes for Saudi citizens

Saudi finance minister says no income taxes for Saudi citizens

REUTERS Saudi Arabia’s finance minister said on Sunday that citizens would not pay taxes on income and Saudi companies would not see their profits taxed under sweeping economic reforms being introduced in the oil-rich kingdom. The collapse in oil prices after mid-2014 has pushed Saudi Arabia to contemplate a radical overhaul of all parts of […]