Govt invites suggestions on how to tax philanthropic activities

[PakSword]

ISLAMABAD:
Federal Board of Revenue (FBR) spokesperson Dr Muhammad Iqbal said on Monday that the government was open to suggestions on how to tax philanthropic activities in Pakistan in order to better regulate them.

According to the FBR official, who was speaking at a pre-budget seminar arranged by the Sustainable Development Policy Institute (SDPI) in Islamabad, the government’s focus in the effort would be to extend state-provided health, education and other services to the population since its absence has led extremism to creep up in society.

“The FBR is already offering a number of incentives to organisations involved in philanthropic work,” said Iqbal. “However, the priority for the government is to invest in the public sector services because leaving it to non-state actors can have unwarranted consequences.”

He added that under the guise of philanthropy, certain organisations promoted extremism in the past; therefore, a foolproof regulation from the government is mandated.

The FBR spokesperson also said that government needed to address the structural issues in the country’s taxation system since many individuals, especially from the privileged classes of the society, are untouched by the system.

“Unfortunately, the privileged classes are not paying their share of taxes, and thus there is not enough money available to invest on the underprivileged. Hence, we need to compensate for structural defects of the system.”

Meanwhile, other speakers at the seminar underlined the need for an improved tax regime and removal of trust deficit between the government and the private sector, especially regarding the efforts in the philanthropy sector.

SDPI’s Dr Shaharyar Toru said that some fundamental aspects of philanthropy sector needed to be revisited. “It is critical to analyse the impact of fiscal incentives on philanthropy and how a favourable environment could be instrumental in development of the nation’s non-profit sector,” he said.

On the other hand, Social Action Consortium and Taleem Foundation Chairman Dr Zafar Qadir said that the avenues for public-private cooperation should be explored upon to tap the real potential of the philanthropy sector in Pakistan.

On the occasion, Pakistan Centre for Philanthropy Executive Director Shazia Maqsood Amjad presented a detailed outlook of the philanthropy sector in Pakistan. According to her, the country gives Rs240 billion annually to various charities.

Hashoo Foundation Country Director Ayesha Khan said that the corporate sector was ready to lend its support and provide its input to government for the removal of trust deficit between the government and the private sector.

 

[PakSword]

@Farah Sohail @Arsalan @war&peace @The Eagle @Doordie @Verve @Imad.Khan @Guvera @friendly_troll96 @biloo700 @Baghial

یہ گورمنٹ بک گئی ہے

کیا اس گورمنٹ کو کچی کچی گالیاں دینے کی اجازت ہونی چاہیے پی ڈی ایف پر؟​

 

[Sheikh Rauf]

Galiyan to inhon nay bohat khai hain or haram ki terhan inhain galiyan bhi raas a jati hain yaan hazam ho jati hain. Mian sahab dusron say tax lainay ki bajaye apna hisab do. 72 Coror ki sarif jati amra ki boundry banai hai. carooron rupai apni tindoon per lagaye hain. aaj agar isay apni izzat ka khiyal hota to yahan bhi tind ko izzat say mukhatib kiya jati. sharam nahi aati khud hi naray lagatay hain kay in ki beti logon kay dilon per raj kerti hai.
bari baat hai loog aaj bhi aisay logon ka difa kertay hain.

 

[NakedLunch]

ISLAMABAD:
Federal Board of Revenue (FBR) spokesperson Dr Muhammad Iqbal said on Monday that the government was open to suggestions on how to tax philanthropic activities in Pakistan in order to better regulate them.

I have a suggestion. First find a country which is shameless enough to tax philanthropic work. Most countries dont tax registered charities as far as I am aware.

 

[19CavPK]

So.. Since they don't have the money to invest on the underprivileged, because the privileged don't pay their taxes, they are going to tax those who invest on the underprivileged. Bravo!!! Standing Ovation!!!

 

[NakedLunch]

So.. Since they don't have the money to invest on the underprivileged, because the privileged don't pay their taxes, they are going to tax those who invest on the underprivileged. Bravo!!! Standing Ovation!!!

LOL! What a government we have.

Galiyan to inhon nay bohat khai hain or haram ki terhan inhain galiyan bhi raas a jati hain yaan hazam ho jati hain. Mian sahab dusron say tax lainay ki bajaye apna hisab do. 72 Coror ki sarif jati amra ki boundry banai hai. carooron rupai apni tindoon per lagaye hain. aaj agar isay apni izzat ka khiyal hota to yahan bhi tind ko izzat say mukhatib kiya jati. sharam nahi aati khud hi naray lagatay hain kay in ki beti logon kay dilon per raj kerti hai.
bari baat hai loog aaj bhi aisay logon ka difa kertay hain.

LOL! It took me a while to read that but it was well worth it.

 

[war&peace]

I have no words...but a suggestion that people of Pakistan should shoot down these terrorists who have taken over the govt.

 

[PakSword]

I have no words...but a suggestion that people of Pakistan should shoot down these terrorists who have taken over the govt.

Acha hua Edhi Sahib iss duniya se yeh din dekhnay se pahlay hi chalay gaey..

 

[Arsalan 345]

What a shame!

 

[xyxmt]

Someone is talking about doing something good and they get galiyan.

 

[NakedLunch]

Someone is talking about doing something good and they get galiyan.

If the issue is regulation of charities then that is down to laws that oversee how companies are audited and LEA's to make sure the charity is functioning according to its charter and not involved in illegal activities. Any 'tax' from 'profit' is reclaimable or completely exempt depending on the country but essentially charities dont get taxed.

 

[Sheikh Rauf]

LOL! What a government we have.




LOL! It took me a while to read that but it .اردو کو انگریزی میں لکھنا ویسے بھی سر درد ہے آپ دعا کریں کے انسان اس ملکخداداد کےحاکم ہوں یہ گنجے رندے ہیں. ا

 

[saiyan0321]

@Zibago @WAJsal @Hell hound how is this not bakwasiyat yar. This is too much. Taxing charity. I can't even speak. I am gonna ask others on this.

@Joe Shearer @Oscar @hellfire @Nilgiri

What do you say about taxing charity. What's your opinion on it?

 

[SQ8]

@Zibago @WAJsal @Hell hound how is this not bakwasiyat yar. This is too much. Taxing charity. I can't even speak. I am gonna ask others on this.

@Joe Shearer @Oscar @hellfire @Nilgiri

What do you say about taxing charity. What's your opinion on it?

It is a odd view

Do you tax a mosque fund being used for the personal wealth and upkeep of the Imam?

Or do you tax the charity for sick children.

However, taxation is just another feaudal low IQ idea to tackle abuse of charity status that is an actual problem

 

[Hell hound]

@Zibago @WAJsal @Hell hound how is this not bakwasiyat yar. This is too much. Taxing charity. I can't even speak. I am gonna ask others on this

What the hell they are thinking every where in the world people who donate to the state approved charities gets tax rebates in their income taxes and here in Pakistan we are thinking about taxing the collection of these charities
This is a new low