Cellcos refused tax exemption on SIMs verification.
: The Federal Board of Revenue (FBR) has categorically conveyed to the telecom companies that the government's policy does not allow any new exemption of duties and taxes under compensation package for telecom sector.According to sources a meeting of FBR team of tax managers and CEOs of all telecom operators held at FBR House last week on the reverification of SIMs under the National Action Plan. The meeting mainly discussed the compensation package for telecom sector following possible revenue loss after reverification of SIMs. Tax authorities informed the CEOs that it is not government's policy to give new exemptions or tax concessions as the FBR is committed to phase out exemption through SROs in three years period.
The CEOs of the telecom companies proposed maximum tax concessions under the compensation package for telecom sector.FBR officials responded that it was not necessary that compensation should be in the form of relief in payment of duties and taxes. The government has other options to compensate telecom sector instead of concessions in duties and taxes. The genuine users of mobile phones would ensure reverification of SIMs as compared to illegal SIMs.
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|Article Type:||Brief article|
|Date:||Jan 25, 2015|
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