Sindh likely to ask FBR to collect withholding tax itself - News Summed Up

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Sindh likely to ask FBR to collect withholding tax itself


It was told that in 2012-13, the FBR created an incorrect demand and deducted Rs695.235 million from the provincial account without waiting for reconciliation. In 2014-15, the FBR changed and enhanced the rates of Withholding Tax on vehicles without waiting for its recovery and arbitrarily deducted Rs86.3 million in advance which are still recoverable. Instead of recovering the amount from the Vendors, the FBR illegally deducted the said amount from the Sindh government account. The chief minister said that the Sindh government on behalf of the FBR was recovering Withholding Tax- means the Excise & taxation department was proving FBR its services against which huge amounts was being deducted /taken away from Sindh government account. Shah proposed to suggest the FBR to set up its counters at Motor Vehicles Registration Wings and collect Withholding Tax on its own.


Source: Pakistan Today February 06, 2020 17:03 UTC



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