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ISLAMABAD:The government is reviewing the Federal Board of Revenue s (FBR) p
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jordan hombre budget 2019-2020. Rs634 billion will be collected as additional taxes under Inland Revenue and Rs95 billion revenue will be generated through custom duties.In order to give final shape to the budget proposals, the FBR has started consulting the Economic Coordination Committee (ECC) on Wednesday interacted with the ECC through a video link session to discuss budget proposals for inland tax, income tax, sales tax and the federal excise duty (FED). Recommendations on customs were reviewed on Thursday.The FBR spokespersons were not available for comment on the matter. However, according to the documents available with Express News, a proposal has been made to increase the holding period for capital gain on immovable property and securities.Through this step, the federal government will be able to get Rs20 billion. A recommendation for presumptive taxes
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The government here is of the view that developed countries such as Britain, France and Germany would become a part of CPEC in the future, and with their participation, the scope of foreign direct investment will be further broadened a
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