LAHORE
\nFederal Government has prepared a plan to collect additional tax of RS 254 billion.
\nAccording to documents, the government has assured IMF to raise the petroleum levy to RS 60 per liter.
\nThe average rate of levy will remain RS 55 per liter during the financial year 2023-24.
\nAdditional RS 79 billion will be received in the petroleum levy.
\nOn the other hand, collection of additional RS 30 billion from business income and salaried class is also part of the plan.
\n5 percent tax be collected by abolishing the tax exemption on fertilizer.
\nAdditional revenue of RS 34 billion will be obtained in the form of tax on fertilizer.
\nAccording to documents, unregistered business will get RS 23 billion from additional GST on supplies.
\nRS 15 billion revenue will be obtained by increasing the advanced tax on builders and developers under the plan.
\nRS 19 billion will be obtained by imposing 1 percent tax on property value of non-filers.
\nTax revenue of RS 46 billion will accrue by this step.
\nAccording to documents, the property tax on sale of immoveable property has been increased from 2 to 3 percent.
\nRS 8 billion will be obtained by raising FED to 20 percent on sugary drinks.<\/p>\n","protected":false},"excerpt":{"rendered":"
LAHORE Federal Government has prepared a plan to collect additional tax of RS 254 billion. According to documents, the government has assured IMF to raise the petroleum levy to RS 60 per liter. The average rate of levy will remain RS 55 per liter during the financial year 2023-24. Additional RS 79 billion will be […]<\/p>\n","protected":false},"author":2,"featured_media":180127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-344139","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-top-news"},"yoast_head":"\n