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South African Tax committee recommends review of gold mining tax

CAPE TOWN: South Africa should review a preferential tax enjoyed by gold producers, a commission set up to look into taxes said in a report published on Friday. The Davis Tax Committee said most mining companies were taxed a standard 28% corporate income tax rate but taxes paid by gold firms are linked to their profit margins, a measure meant ... Read More »

South African Tax committee recommends review of gold mining tax

CAPE TOWN: South Africa should review a preferential tax enjoyed by gold producers, a commission set up to look into taxes said in a report published on Friday. The Davis Tax Committee said most mining companies were taxed a standard 28% corporate income tax rate but taxes paid by gold firms are linked to their profit margins, a measure meant ... Read More »

Textile industry woes: PM Sharif takes up gas shortage issue

ISLAMABAD: Prime Minister Nawaz Sharif formed a committee on Friday to finalise proposals for resolving gas shortage issues for the textile industry in Punjab during winter. The committee has been formed under the chairmanship of Finance Minister Ishaq Dar. Other members of the committee include Minister for Water and Power Khawaja Muhammad Asif, Minister for Petroleum and Natural Resources Shahid ... Read More »

Traders form committee on SRO-608  

ISLAMABAD: Owners of hotels, restaurants, departmental stores and retail businesses have formed a committee regarding SRO 608. The committee will meet Finance Minister Ishaq Dar and discuss their reservations with him on Friday. A meeting was held in this regard in the Islamabad Chamber of Commerce and Industry, but no office-bearer of the chamber showed up. Only those traders who ... Read More »

ANF not allowed checking of containers at ports: Nisar Muhammad

ISLAMABAD: The Federal Board of Revenue (FBR) and Anti-Narcotics Force (ANF) have not held consultations on granting permission to the latter to check inbound containers at sea and dry ports. The Senate’s Standing Committee on Interior and Narcotics Control had directed the ANF director general and FBR member customs to hold consultations in this regard. The meeting between the said ... Read More »