ISLAMABAD: Federal Board of Revenue (FBR) Senior Member Inland Revenue (Policy) and spokesman Shahid Hussain Asad has advised traders not to worry about withholding tax as the main objective of this tax is to bring non-filers into the tax net.
Talking to Customs Today, he said that the officials are ready to extend every support and facility to non-filers who wants to become filers. He said withholding tax on banking transactions is quite adjustable as they are not bound to pay it from their own pockets.
He said traders should become patriot as Pakistan gives them a lot now its time that they should contribute something for Pakistan.
He said main objective of FBR is to strengthen Pakistani economy, he further clarifies that if traders will submit their actual turnover that FBR will not take any action against their declared revenue, on the other hand we will protect their revenue and income. Shahid Hussain Asad said that we are trying our best to resolve the matter of withholding tax amicably and on priority basis.
