Budget 2015 16 pakistan
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Transcript of Budget 2015 16 pakistan
By: J3f13Mcom0012
Presented To: Mr. Yasir Saeed
Randhawa
Saman Khurshid
Budget 2015-16Agriculture
Taxes
Subsidies
import and Export
International Business
SUBSIDIES Total subsidies for Finan-
cial Year 2015-16 has beenestimated at Rs 137,603
million
Subsidy to WAPDA/PEPCO:
Subsidy to KESC
Subsidy to USC
Subsidy to PASSCO
Subsidy to Others
0
20000
40000
60000
80000In Million Rs.
Total subsidies for WAPDA/PEPCO
has been estimated 98,000
Subsidy to KESC:
Total subsidies for KESC has been estimated 20000
PPick up KESC's Tariff
Differen-tial
0
10000
20000
Amount
Amount
Subsidy to USC:
Total subsidies for USC has been estimated 7000
Amounts In Million Rs.
Ramzan Package Sale of SugarSupport for Sugar Export
Subsidy to PASSCO:Total subsidies for PASSCO has been estimated 11300
In Million Rs. Cost differential for sale of wheat
Wheat Reserved Stock
Support for Wheat
Freight Subsidy on Sugar export
Subsidy to OTHERS:Total subsidies for OTHERS has been estimated 1303
In million Rs.Oil Refineries & OMCs
Sale of Wheat in FATA
Sale of Wheat in Gilgit Baltistan
Sale of Salt in Gilgit Baltistan
AgricultureAgriculture remains a major focus of our government despite the devolution of much of the operational re-sponsibilities to the provinces
Credit Guarantee Scheme for Small and Marginalized Farmers Crop Loan Insurance Scheme (CLIS) Livestock Insurance Scheme Agriculture Credit Interest Free Loans for Solar Tube Wells Increase in the Value of Production Index Units (PIU)
Import Promotions
Import and Local Supply of Agricultural Machinery and Equip-ment
Import of Agricultural Machinery
i. Customs duty from existing rate of 5-20% to 2%; ii. Sales Tax from 17% to non-adjustable Sales Tax at 7%; and, iii. WHT from 6% to 0%
Exports Promotion
weak performance of the exports during the year
decline in global commodity prices
The following measures are being adopted for promotion of exports :
EXIM Bank of Pakistan (Specialized DFI)Exports Refinance Facility (ERF) Long Term Finance Facility Removing Anti-exports bias in Imports Export Development Initiatives Establishment of Pakistan Land Port Authority
Tax ProposalsThe country needs adequate fiscal space for spend-ing more on development and welfare of its people.
Least bur-den
Expand the scheme
Reviewing tax laws
Measures for broad-ening of the tax
Income Tax
Rate of Capital Gains Tax for Tax Year 2015 was increased to 12.5%Increasing Cost of Non-Compliance with Tax Laws: Tax rate of 35% is applicable to banking companiesTaxation of Dividend 10%Domestic Electricity Consumption 7.5%Domestic Electricity ConsumptionTaxation for Not Distributing Dividend
Revenue Measuressummary of the Revenue measures proposed in the budget
Change in Rate of Tax and Taxable Holding Period for SecuritiesIncreasing Cost of Non-Compliance with Tax Laws Adjustable advance income tax on banking instru-ments and other modes of transfer for Non-Filers Rationalizing Tax Rates for Various Sources of Banking Companies Taxation of DividendTaxation of Capital Gains from Trading of Futures Con-tracts
Contd…
Domestic Electricity Consumption
Renting Out Machinery and Certain Equipments
Dividend from Real Estate Investment Trusts
Taxation for Not Distributing Dividend
Revenue for Rehabilitation of Temporarily Displaced Persons
Contd…
Relief Measures
Reduction in Tax Rate for Companies
Exemption to Electricity Transmission Projects
Tax Credit for new investment in shares
Tax Credit for Enlistment
Expanding the Scope of Small Company
Contd..
Option to Exporters to Opt Out of the Final Tax Regime:
Relief to Small Taxpayers:
Expanding the Scope of Small Company
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