ATTN: Sheikh Asif Salam
From: Dr Ikramul Haq Sub: Non-Application of Section 50(1) regarding payments on account of Golden Handshake On behalf of our clients (List Annexed), we want to bring to your kind notice the following vis-à-vis non-application of deduction of tax at…
How to Unearth Black Money?
Dr. Ikramul Haq* I. INTRODUCTION In the context of the prevailing grave financial crises in the country and the problem of ever-growing black money, (which according to official and independent experts is around Rs. 1.8 trillion, about 70 %…
TAX AMNESTY SCHEME 2000: AN ANALYSIS
By Dr. Ikramul Haq* I. INTRODUCTION The Central Board of Revenue (CBR) in its Circular No. 4 of 2000 dated 1st March, 2000, issued under Section 59D of the Income Tax Ordinance, 1979, unveiled yet another tax amnesty scheme…
The Politics of Loan Write Offs
By Dr. Ikramul Haq* The country’s banks and other financial institutions wrote off a staggering amount of over Rs 30 billion during the governments of Muhammad Khan Junejo, Benazir Bhutto and Nawaz Sharif. Two-thirds of the total loans – Rs….
Income Tax base – Myth & Reality
By Dr. Ikramul Haq* The Central Board of Revenue has been consistently and persistently claiming that tax base of Pakistan is disappointingly narrow and majority of the people do not pay income tax. The reality is quite opposite. The people…
HOW TO DISPENSE WITH OPPRESSIVE TAX SYSTEM
By Ikramul Haq* Over the last many years, the need for tax reforms is stressed and reiterated by all quarters including the Government itself. However, each attempt in this direction during the last several decades proved to be a complete…
Government-Traders Agreement on GST
By Dr. Ikramul Haq Dr. Ikramul Haq, a leading international tax counsel, is a well-known author specialising in international tax, press, intellectual property, corporate and constitutional law. Dr. Ikram is Chief Partner of Lahore Law Associates (fax: +92 42 7226953,…
Government-Traders Agreement on GST
By Dr. Ikramul Haq Dr. Ikramul Haq, a leading international tax counsel, is a well-known author specialising in international tax, press, intellectual property, corporate and constitutional law. Dr. Ikram is Chief Partner of Lahore Law Associates (fax: +92 42 7226953,…
Government-Traders Agreement on GST
By Dr. Ikramul Haq Dr. Ikramul Haq, a leading international tax counsel, is a well-known author specialising in international tax, press, intellectual property, corporate and constitutional law. Dr. Ikram is Chief Partner of Lahore Law Associates (fax: +92 42 7226953,…