Telecom companies implent supreme court's order of 0% tax deduction on mobile cards, from today. All the taxes imposed by Federal Board of Revenue (FBR) on mobile cards have been suspended by telecom companies.
Islamabad (UrduPoint / Pakistan Point News – 13th June, 2018) Telecom companies implent supreme court's order of 0% tax deduction on mobile cards, from today. All the taxes imposed by Federal board of Revenue (FBR) on mobile cards have been suspended by telecom companies. Telecom companies implemented Supreme Sourt's order after receiving written order on wednesday. Telecom companies have been told by Supreme Court in written order to immediately provide 0% tax deduction relief to public from mid night of Wednesday.
Telecom companies will not deduct any tax on mobile cards for next 15 days. Telecom companies and FBR have been directed by Supreme Court to determine, how many mobile customers fall in tax net, within next 15 days. Till then, mobile customers will get mobile credit without any tax deduction. Not to forget, on the charge of a Rs100 prepaid mobile card, a 19.5% federal excise duty was charged along with 12.5% withholding tax and 10% service/maintenance charge. According to statistics revealed by the Pakistan Telecommunication Authority in January this year, the number of mobile phone users stands at 144 million as compared to 142.5 million in October 2017. The Supreme Court had taken suo-motu notice against mobile phone companies charging extra taxes and ordered the suspension of all taxes on mobile cards.
