Mobile phone companies to provide 100pc credit on prepaid cards

News Desk , Bol News

14:46:22, Wednesday, June 13, 2018

In the light of the Supreme Court order, cellular services providers have announced to provide customers with 100 percent credit on all prepaid mobile cards for a period of 15 days.

According to sources, the decision was made at a meeting between Federal Board of Revenue (FBR) officials and representatives of mobile phone services providers.

Consumers will get 100 percent credit on the recharge of all prepaid cards from midnight on Thursday, sources said.

It will remain in effect for the next 15 days, until the FBR and services providers formulate a new policy in this regard, they said. 

On Monday, the Supreme Court had ordered a suspension in deduction of taxes on prepaid scratch cards.

Heading a three-judge bench, Chief Justice of Pakistan Justice Saqib Nisar had ordered the suspension regarding an increase in taxes on prepaid cards at the Supreme Court’s Lahore Registry.

“Taxes should be taken from users whose mobile phone usage is above the set limit,” Justice Nisar had remarked during the hearing.

He had further directed authorities to formulate a comprehensive policy regarding deduction of taxes on mobile phone usage.

Previously, customers would receive Rs64.28 on the recharge of Rs100 prepaid card, after deduction of federal excise duty, income tax and sales tax.

Latest Stories