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If only the amount of the Illinois estate tax exemption is transferred to the credit shelter trust, $1 million would transfer to Arabella (or to a qualifying marital trust).
He said the sales tax exemption to FATA/ PATA was creating revenue problem to FBR as this tax was a consumer tax and buyer had to pay it.
An upward trend was seen in tax exemption costs due to rising preferential imports under the FTA with China as it rose nearly to R31.62bn in FY19
WASHINGTON -- A year after the Trump administration imposed travel restrictions on Pakistani officials stationed here at the embassy, the State Department has now withdrawn its Diplomatic Tax Exemption program usually granted to foreign diplomats and consulars.
Summary: Washington DC [USA], June 1 (ANI): In a move likely to plunge the already strained relations between the United States and Pakistan to a new low, Washington on Friday announced that it has withdrawn its tax exemption programme for Pakistani diplomats.
Tax exemption privileges for foreign diplomats, consular officers, and staff members are generally based on two international treaties: The Vienna Convention on Diplomatic Relations and the Vienna Convention on Consular Relations.
Small and medium enterprises (SMEs) are finding it difficult to meet the requirements to apply for tax exemption from the General Department of Taxation 's (GDT)said Federation of Association for Small and Medium Enterprises of Cambodia (Fasmec) president Te Taingpor.
The additional attorney general briefed the apex court on the matter and also requested a tax exemption for Pakistan Electronic Media and Regulatory Authority (PEMRA) manufactured boxes.
Addl AG requests court for tax exemption on local DTH boxes ISLAMABAD:The Supreme Court (SC) on Wednesday was informed that Pakistan Electronic Media and Regulatory Authority (PEMRA) is going to launch locally manufactured Direct to Home (DTH) boxes as it heard a case pertaining to smuggling of Indian DTH boxes in Pakistan.
Karachi -- The federal government has withdrawn tax exemption that was allowed to federal ministers and provincial governors on various perquisites and allowances provided by the government.
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