Thursday June 25, 2009
ISLAMABAD: State Minister for Finance and Economic Affairs Hina Rabani Khar has said that the government has decided to bring all the sectors into tax net within next three years. Talking to private news channel, she said the government has brought two sectors Real Estate and Services-into tax net during current budget.
However, she said still there are some sectors which are out of tax net.
She said the government accepted suggestions proposed by the parliamentarians in the budget debate in the National Assembly.
To a question she said the Carbon Tax will replace existing PDL adding it is not a new tax on petroleum product.
Minister further said carbon tax will make the petroleum prices transparent. “Every body will now know the exact amount of percentage tax on per litre of petrol. It will not hike price of petrol.”
According to estimate the government will gain about 120 billion rupees from carbon tax, she added.
(APP)
However, she said still there are some sectors which are out of tax net.
She said the government accepted suggestions proposed by the parliamentarians in the budget debate in the National Assembly.
To a question she said the Carbon Tax will replace existing PDL adding it is not a new tax on petroleum product.
Minister further said carbon tax will make the petroleum prices transparent. “Every body will now know the exact amount of percentage tax on per litre of petrol. It will not hike price of petrol.”
According to estimate the government will gain about 120 billion rupees from carbon tax, she added.
(APP)
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