Chairman FBR, Mr Shabbar Zaidi while attending a meeting with business community at the KARACHI chamber Of commerce and industry (KCCI), agreed that there should not be the withholding income tax at the import stage or rate of this should be reduced.
Currently withholding income tax is charged ranging from 3 to 6 percent according to the type of products. Chairman FBR urged that a list of such products should be provided by the KCCI so that action should be taken before the budget on the said proposal.
He further said that tax amnesty scheme 2019 would be part of the coming finance bill for taking approval from the parliament and it will be the same as already launched through the presidential orders. Also announced that forms for tax amnesty scheme 2019 are available on the portal now.