Nationwide Tax Notice Was Forwarded to the Hospital

The country's top detergent has broadened the scope of issuing tax notices to private medical institutions, hospitals, and owners of doctors. Nationwide tax driving has begun to introduce the largest occupations and sectors into the tax system. This notice was forwarded to the hospital, the private hospitals and medical center owners nationwide to identify all doctors who were not subject to taxation, despite overconsuming income.

Pakistani Medical and Dental Council

A senior tax official told Darch that the number of doctors, including dentists registered with the Pakistani Medical and Dental Council, reached 258,747 by June 30, 2019. Regional Tax Office (RTO) Islamabad has begun collecting information on doctors and 40 hospitals in the federal capital. The notice has been issued to the hospital pursuant to Section 176 of the Income Tax Act. We wrote to the PMDC to find information about these hospitals in Islamabad," the official said.

These hospitals include Shifa International, Maroof International, Quaid-i-Azam International, Ali Medical and Kulsoom International. Similarly, RTO Rawalpindi has sent 217 notices to private hospitals and doctors to register with the income tax department. "We will give more notice in the next few weeks," a source at RTO told us. RTO Peshawar also notified the owner of the medical center and doctors working there.

We have published about 25 notices directly to doctors at the Khattak Medical Center," said one official at Peshawar RTO. He also said that a bill was issued to various medical centers in June 2019. RTO Sargodha has so far notified its doctors 187 to register with the Income Tax Department. This notice was issued to Sargodha's 27 doctors, Mianwali's 16, Piplan's 10, Bhakkar's 42, Mandi Bahauddin's 17, Jauharabad's 60 and Bhulwal's 15.

 RTO has announced a notice to 30 hospitals

In Karachi, RTO has announced a notice to 30 hospitals so far. "This drive will be extended to other hospitals in the city," a tax official said. Chairman Shabbir Zaidi of FBR spoke about a notice issued by Income Iax Ordinance that an income taxpayer would report his profits. He said the scope of the examination would be extended to other occupations.

The data received at this hospital will cross with the withholding statement submitted by the hospital and consultant, not the tax refund applicant. When data analysis is complete, we will notify the physician and other staff at the hospital directly. FBR has already extended the deadline for filing tax returns by August 2, 2019 for the 2018 tax year.

In the tax year of 2018, the number of Pakistani taxpayers increased by nearly 700,000 and the total number of people who filed the complaint reached 2.154 million. FBR plans to raise this figure to 4m in the tax year 2019. Under the Income Tax Act, everyone who owns a house over 500 square yards or a car over 1000 cc is required to file a tax return.

FBR has already collected data from 8m to 10m, which owns homes larger than 500m3-yd, and has over 1000cc banks and bank accounts nationwide. This data is used to issue notices at various stages in the current fiscal year.

As the price of oil rose dramatically

Rawalpindi and the twin city residents of Islamabad, especially the salaried class, found it difficult to manage the household budget. They urged the PTI government to withdraw its decision for greater public benefit. The government announced Wednesday that it would raise oil prices by 4.5 to 10pc. The recent surge in oil prices has fears that in addition to transportation charges, prices for daily-used foods and other products will rise.

Mohammad Suleman, a government employee, said it would be difficult to manage household budgets because of limited wages. He said he was receiving the same salary despite the price of edible ash. He said the new tax made people's lives miserable and that they had to do two things to cover the costs. He planned to open a store on the street, but he did not have enough money.

School teacher Shahid Raja said unprecedented price increases will affect the quality of life for the general public. He said prices for flour, vegetables and meat were already high. He said he was afraid of future inflationary waves. Arslan Ali, a private company employee, said rising oil prices had an impact on his budget. My salary has not been raised during the past year, but the prices of many products are so high that it is difficult to manage things," he said.

He added that the government has already raised electricity and gas bills. Instead of raising oil prices, bureaucrats have to reduce their spending through tightening," he said. Speaking to the scribe, some merchants urged the government to withdraw oil prices. The PTI government failed to do the work of the state and its economic policies uncovered a hollow claim to stabilize the economy," said Sharjel Mir, Traders Association of Punjab chief.

He said business costs have increased and fewer customers than in the past. He said that all freight forwarders had to raise freight immediately and merchants should pass on the price increase to consumers. Meanwhile, Malik Shahid Saleem, president of the Rawalpindi Chamber of Commerce, demanded that inflation be widespread and the government to withdraw its decision with a huge impression of the price of POL.

The biggest growth rate in 5 years and 9 months

Inflation recorded double-digit growth in the first month of the new fiscal year, the biggest growth rate in five years and nine months. Inflation, measured by the consumer price index (CPI), rose to 10.34% in July from 8.9pc last month, the Pakistani Bureau of Statistics said on Thursday. Inflation remained at 5.84pc in the same month last year. The last time inflation was entered as two digits is November 2013, at 10.9%.

Inflation has accelerated over the last few months as adjustments in petroleum product prices and hikes in electricity and gas rates have increased. The government has also introduced some tax measures, but the cumulative effect has brought total inflation up to double digits. Rupee depreciation has increased prices of imported consumer goods and non-consumer goods.

Especially raw materials used in manufacturing industrial goods, over the past few months. The government planned inflation targets between 11pc and 13pc in fiscal year 2019-20 compared to 7.3pc recorded in 2018-19. The price level imaginable in the first month of the current fiscal year appears to be due to the surge in non-food inflation in July.

Increase prices of petroleum products, electricity and gas fuel gross inflation The CPI keeps track of about 480 commodity prices every month in the city center of the country. Food inflation rose by an annual average of 9.2%, but surged by 1.5pc monthly. The price of non-perishable food items rose 7.85pc and the perishable product rose 8.06pc in July.

Food items with the highest prices

Food items with the highest prices in July were potatoes 16.84pc, pulsation 5.41pc, eggs 5.06pc, shrub 4.80pc, pulse 4.50pc, flour 3.58pc, fresh vegetables 3.56pc, malt muscle 2.83pc, vegetable crab 2.49pc, Bakery and confectionery 2.45pc, rice 1.77pc, milk fresh 1.41pc, pulse gram 1.31pc, tomato 1.17pc, sugar 1.09pc and meat 0.93pc. However, in the same category, the price of chicken was 8.26pc, fresh fruit 7.95p, onion 1.73pc, ballpark and nuts 0.65pc. Non-food inflation, on the other hand, increased by 11.1% on a yearly basis and by 2.8% on a monthly basis.

This increase is mainly due to the combined effects of rising oil prices and the appreciation of the won over the past few months. The government shifted this increase to domestic consumers. Non-grocery prices are still under pressure due to the education index, which rose to 6.9%. Clothing and footwear increased by 7.4pc, housing, water, electricity, gas and other fuel by 12.74pc, furniture and household goods by 10.17pc, health by 8.97pc, transport by 14.67pc, recreation and culture by 7.67pc.

Excluding volatile food and energy prices, core inflation was 7.8 percent a year, 1.7 percent monthly. On July 16, the National Bank of Pakistan raised its key policy rate by 100 basis points to 13.25%. This suggests the possibility of short-term inflation due to inflationary pressures and high public utility rates. The gradual accumulation of domestic demand is evident in rising core inflation.

CPI covers the price movements of 43 of the 89 product groups. Core inflation remained at an average high compared to the same period last year, driven by continued increases in education and medical costs. The average inflation measured in the sensitive price index rose to 3.58pc last year, 12.16pc in July, while the wholesale price index rose 13.46pc from 10.50pc in 2018-19.
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