In a sudden reversal, Punjab is ready to tax internet broadband which was earlier revoked due to strong consumer backlash. The 19.5% tax, already implemented in Sindh since July 2014, will be applied in Punjab through a circular expected today (Friday).
News broken through The News, following are the details of the tax:
The tax was earlier implemented in May 28 notification that received strong backlash, including an online campaign by various Pakistani websites against the decision. Through a cabinet decision it was revoked and mobile operators kept waiting for notification in order to get confirmation and file their returns. Instead, despite decision from cabinet for removal of the tax, Punjab government is again implementing the tax and finance ministry would be issuing notification.
This will affect propagation of mobile broadband as cellular companies have been aggressively pushing network upgradation program to make internet available to masses. With new tax, Punjab province that holds over 50% of Pakistan’s population will be affected as people will either restrict their internet usage or not upgrade to higher speeds due to taxation.
It is also pertinent to note that the exempted DSL subscribers form a minority in the total subscribers, making mobile broadband subscribers the real affectees of this tax.
This post was last modified on August 5, 2016 10:32 am
Health insurance is a financial management tool that helps reduce the amount people will pay…
A health insurance policy provides financial protection against medical expenses, however, most insurance policies have…
As 2025 starts of, Pakistan’s insurance industry is experiencing significant transformation. From technological advancements to…
Life is full of twists, and though most people plan for the future, most of…
Who do you think needs life insurance the most? Traditionally, the answer was men, as…
What do you do if a sudden event wipes out a family’s savings or pushes…