KARACHI: The Federal Board of Revenue (FBR) has completed preparations to act against tax defaulters.
It has been suggested to double withholding tax on utility bills of tax defaulters and non-registered businesses. Another suggestion was to increase tax from 0.3 percent to 0.5 percent. Tax defaulters will have to pay 2 percent special excise duty on real estate, 17 percent on textile products, 1 to 2 percent on imports and local productions. Tax will be increased for associations, individual businessmen and those who did not pay tax under the head of investment.
PIAF for continuation of remittance incentives for sustained forex inflows
LAHORE: Pakistan Industrial and Traders Associations Front (PIAF) Chairman Faheemur Rehman Saigol, who is also President of the Lahore Chamber...
