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Tag Archives: Taxes

Breaking down Biden’s just-passed big bill: Climate, health care, taxes, deficit reduction


August 13, 2022

WASHINGTON — The biggest investment ever in the U.S. to fight climate change. A hard-fought cap on out-of-pocket prescription drug costs for Medicare recipients. A new corporate minimum tax to ensure big businesses pay their share. And billions left over to pay down federal deficits. All told, the Democrats’ “Inflation Reduction Act” may not do much to immediately tame inflationary price hikes. But the package that won final congressional …

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Refineries decry imposition of duty, taxes


June 15, 2021

ISLAMABAD: The country’s all the five oil refineries have protested over imposition of duties and taxes on crude oil and violation of commitments by the government for incentives for upgrade and modernisation. They have asked the government to honour commitments it had made with the refining sector as part of the new policy for petroleum refining finalised recently and awaiting …

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Importers bound to e-pay over Rs1m duty, taxes


January 20, 2021

LAHORE: In compliance with FATF requirements and as a measure towards digitsation and automation of economy, the federal government has made it mandatory on all importers to make payment of duties and taxes exceeding Rs1 million through the e-payment system. From Wednesday (Jan 20), all duties and taxes over Rs1m will be paid only through the system of e-payment — …

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Taxes, duties on raw materials to be phased out


July 4, 2020

ISLAMABAD: The government is working to gradually remove duties and taxes on raw materials for the industry under a three-year plan, Adviser to the PM on Commerce Razak Dawood said on Friday. He made the announcement while meeting a delegation of commerce and industry chambers from Islamabad, Rawalpindi, Lahore, Gujranwala, Faisalabad, Gujrat, Multan and Mirpur at the Ministry of Commerce. …

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