The Supreme Court on Wednesday announced the restoration of all taxes charged by cellular service providers on mobile phone top-up cards.
A three-member bench of the SC headed by Chief Justice Asif Saeed Khan Khosa remarked that the Supreme Court will not intervene in public revenue and tax collection matters pertaining to advance tax on mobile phone top-up card case.
-Restoration of tax card phones to help generate Rs 15 billion in two months.
-Tax collection on card might help generate Rs 7.5 billion a month.
-Before the apex court decision tax collection was around Rs 90 billion.
-In July 2018 apex court halted tax collection on cellular phone cards.
-Overall tax collection of the government form cellular phone stood around Rs 147 billion.
-Government collect tax of 12.5% as withholding tax and 17% to 19.5% as FED.
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