ADR

Around Rs70 billion in additional tax revenue expected following ADR adjustments Blogging Sole

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Around Rs70 billion in additional tax revenue expected following ADR adjustments Blogging Sole

A trader counts Pakistani rupee notes at a currency exchange office in Peshawar. — Reuters/File The banking sector rate increased from 39% to 44%. The national treasury is expected to receive between 70 and 75 billion rupees in taxes. ADR to be replaced by fixed maximum slab ratios. ISLAMABAD: The federal government plans to add … Read more

The ADR tax formula to modify: experts Blogging Sole

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The ADR tax formula to modify: experts Blogging Sole

Representative image showing a person using a calculator for tax purposes. — AFP/File Banks face higher taxes under the revised ADR formula. The end-of-year ADR could move to calculating the annual average. The exclusion of certain advances could increase the tax obligations of banks. Analysts said on Monday that the committee formed by Prime Minister … Read more