Islamabad:
The Senate Finance Committee reviewed the Finance Bill 2025 on Wednesday and recommended a tax with zero qualification on revenues of up to RS1.2 million and rejected a proposal to impose taxes on people who do small companies online.
During a meeting, chaired by its President Salem Mandviwala, the Committee approved the proposal to impose taxes on the income of academies and online teachers, but opposed the Revenue Tax of the Islamabad Club.
Officials of the Federal Income Board (FBR) reported the meeting that teachers offered online digital education services, winning RS20-30 million. They added that a new clause had been introduced in the Finance Law Project to impose taxes on those who do electronic commerce businesses, using online markets.
All people who provide services through the Internet and electronic networks will be affected, FBB officials said. They added that the tax will also apply to music, audio and video transmission platforms, cloud services, online software application suppliers, telemedicine and electronic learning services.
The tax would also be imposed on online banking services, architectural design services, research and consulting reports, accounting services and other online facilities in the form of digital files, FBB officials declared. The Committee rejected a proposal to tax people who carry out small online companies.
The president of FBR said that those with an annual income of 1.2 million will have to pay RS12,500 in taxes.
The committee member, Senator Shibli Faraz said that he should not have imposed on the income of RS600,000 to RS1.2 million.
FBB president, rashid langial, told the Committee that it had decided to raise taxes from entertainment clubs, including the Islamabad club. However, the president of the Committee opposed the move.
Langrial said that the common man did not benefit from this club, since it was the luxury of 300 people.
FBR officials said there was a proposal to impose restrictions on the purchase of properties and vehicles by non -filters. They added that a limit of 130% of the income had been established for the purchase of properties by non -filtering.
Senator Mohsin Aziz said that the 130% limit for the purchase of properties by non -filters should increase. The committee recommended increasing the limit to 500%.
The Minister of Finance, Muhammad Aurengzeb, said that measures were being taken to take the non -filters to the fiscal network.
