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According to Section 9(1) of FOIRA of 2013, the agency is to submit written comments within 15 days, which is further extendable for seven days on a sufficient cause. According to Section 11(1) of the Ordinance and Section 9(5) of FOIRA of 2013, The FTO is to make a decision within a period of 60 days of the receipt of the complaint.
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
The worker who chooses Financial Core status is not a union member, cannot run or vote in union elections, and is legally referred to as a "Fee Paying Non Member" or an "Agency Fee Payer." On the job, they are often referred to as Financial Core workers, or Ficore workers.
Rates of service tax varries depends on status of the tax payers and type of services. Generally its 4% for active taxpayers and 8% for inactive taxpayers or late filers. Some of the services are taxed at reduced rates although. [7] Income tax on export of services in Pakistan is 1%.
CWA contracts also cover some non-members, known as agency fee payers, which number comparatively about 7% of the size of the union's membership. This accounts for 166,491 "non-dues-paying retirees" and 52,240 "dues-paying retirees", plus about 43,353 non-members paying agency fees, compared to 404,289 "active" members. [1]
The issue of agency fee payments was a national and serious one. By 1984, about 5 percent of employees at work sites covered by a union contract had opted not to join the union and instead pay an agency fee. [48] In 1987, the same number of workers covered by CWA contracts were agency fee payers. [58]
Members classified as "on strike" have varied considerably throughout, although remaining less than 1 percent of the total membership. IAM contracts also cover some non-members, known as agency fee payers, which since 2005 have grown to number comparatively just over 1 percent of the size of the union's membership. [12]
For example, $225K would be understood to mean $225,000, and $3.6K would be understood to mean $3,600. Multiple K's are not commonly used to represent larger numbers. In other words, it would look odd to use $1.2KK to represent $1,200,000. Ke – Is used as an abbreviation for Cost of Equity (COE).