Unregistered industrial units can get registered by paying 2% tax by June: Chairman FBR

MG News | May 22, 2019 at 01:29 PM GMT+05:00

0:00

May 22, 2019: Chairman Federal Board of Revenue (FBR) Shabbar Zaidi says the sales tax unregistered industrial units can get themselves registered by paying two percent tax, benefiting from Asset Declaration Scheme by June this year.

Addressing a news conference in Islamabad on Wednesday, he said the government will make legislation and take steps against the sales tax unregistered manufactures from July this year.

The Chairman FBR said there are 341,000 electricity and 7,000 gas industrial consumers, but only 38,000 industrial units are registered in sales tax.

Shabbar Zaidi said the government wants to facilitate the business community while enhancing the tax net.

He said industries should get themselves registered in sales tax. He said no complaint of harassment has been received about payment of taxes.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	182,338.12 413.82M	-3.21% -6042.27
ALLSHR	109,608.81 925.54M	-2.68% -3023.77
KSE30	55,927.16 188.62M	-3.63% -2105.04
KMI30	257,527.86 176.88M	-3.62% -9670.01
KMIALLSHR	70,368.23 498.17M	-2.91% -2107.89
BKTi	52,696.85 52.05M	-1.97% -1060.46
OGTi	38,102.05 26.10M	-3.04% -1193.85

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	83,810.00	89,385.00 83,460.00	-5270.00 -5.92%
BRENT CRUDE	70.46	71.89 68.61	2.06 3.01%
RICHARDS BAY COAL MONTHLY	86.75	0.00 0.00	-2.35 -2.64%
ROTTERDAM COAL MONTHLY	98.80	98.80 98.80	0.10 0.10%
USD RBD PALM OLEIN	1,071.50	1,071.50 1,071.50	0.00 0.00%
CRUDE OIL - WTI	65.12	66.48 63.28	1.91 3.02%
SUGAR #11 WORLD	14.71	14.81 14.61	0.00 0.00%