Islamabad:
On Wednesday, the permanent finance senatorial committee examined the 2025 financial bill and recommended a tax classified zero on income which can reach 1.2 million rupees and rejected a proposal to impose a tax on people with small online companies.
During a meeting, chaired by its president Saleem Mandviwala, the committee approved the proposal to impose the income tax of academies and online teachers, but opposed the taxation of the income tax of the Islamabad club.
The officials of the Federal Board of Return (FBR) informed the meeting that teachers provided digital education services online, winning 20 to 30 million rupees. They added that a new clause had been presented in the financial bill to impose a tax on those who did electronic commerce activities, using online markets.
All people providing internet services and electronic networks will be assigned, said FBR officials. They added that the tax would also apply to music, audio and video streaming platforms, cloud services, online software applicants, telemedicine and online learning services.
The tax would also be imposed on online banking services, architectural design services, research and advice reports, accounting services and other online installations in the form of digital files, said FBR officials. The committee rejected a tax proposal for people with small online businesses.
The president of the FBR said that those with an annual income of 1.2 million will have to pay 12,500 taxes in taxes.
The committee member, Senator Shibli Faraz, said that there should not be an income tax from RS600,000 to Rs1.2 million.
The president of the FBR, Rashid Langrial, told the committee that he had been decided to receive taxes from entertainment clubs, including the Islamabad Club. However, the chairman of the committee opposed this decision.
Langrial said that the ordinary man had not benefited from this club because it was the luxury of 300 people.
FBR officials said there was a proposal to impose restrictions on the purchase of properties and vehicles by non-sequences. They added that a 130% limit of income had been set for the purchase of goods by non-hinders.
Senator Mohin Aziz said that the 130% limit for the purchase of goods by non-sequences should be increased. The committee recommended increasing the limit to 500%.
The Minister of Finance, Muhammad Aurangzeb, said that measures were taken to bring non-sequences into the tax net.
