KARACHI: The Federal Board of Revenue (FBR) has sent notices to the rich individuals, who didn’t pay one-time tax the government imposed three years back to support the poor community of the country.
According to the official sources, the government imposed 0.5 percent tax (income support levy) on the net moveable wealth, exceeding one million rupees through Finance Act, 2013 for only one year to provide financial assistance and social protection to economically-distressed persons and families.
The law was repealed in the subsequent year over the reservations raised by the rich people. The Board’s official said taxpayers had moved court against the levy soon after its imposition. Therefore, Sindh High Court allowed general stay, barring the tax machinery from collecting tax, he said, adding, “But, the stay was recently vacated.”
The official said the court granted the stay again only in one case. The official added that the FBR sent notices as the stay was restricted to one person, “but the action can be taken action against other defaulters.”
