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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