Two million dollars of Darcy's estate (the amount of the Illinois estate tax exemption
) could be transferred to a credit shelter trust.
He added: "The ending of the stallion tax exemption
scheme is obviously going to have a negative effect on the Irish bloodstock industry, but we'll only see how negative over a period of years."
They said tax exemption
on income was enough incentive for investors to make investments in FATA/ PATA.
An upward trend was seen in tax exemption
costs due to rising preferential imports under the Free Trade AgreeAment with China as it rose nearly to R31.62bn in 2018-19, from Rs22bn in 2012-13.
Notably, Pakistan has yet to provide tax exemption
facilities to the US diplomats working in Islamabad since they applied for the same last year.
Answering a question about the issue, Pakistan's embassy here claimed that the issue of tax exemption
and refunds is a routine topic of discussion between any two countries.
'We are trying to find a better way for all our SME members and will submit our proposal to the government to encourage them to apply for tax exemption
,' he said.
Justice Ijazul Ahsan said the Federal Board of Revenue (FBR) grants tax exemptions
and further said that local DTH boxes should be affordable for consumers.
In response, Justice Ijazul Ahsan said that tax exemptions
come under the mandate of the Federal Board of Revenue (FBR) and added that local DTH boxes should be introduced at affordable prices.
The tax exemptions
have been allowed on the following perquisites and allowances provided or granted by government to the ministers of the federal government, namely:-
Domestic consumers have been given tax exemption
on retail goods but traders and industrialists have not been included.