Unregistered industrial units can get themselves registered by paying 2% tax by June: Shabbar

Chairman Federal Board of Income (FBR) Shabbar Zaidi says the gross sales tax unregistered industrial models can get themselves registered by paying two p.c tax, benefiting from Asset Declaration Scheme by June this yr.

Addressing a information convention in Islamabad on Wednesday, he stated the federal government will make laws and take steps towards the gross sales tax unregistered manufactures from July this yr.

The Chairman FBR stated there are 341,000 electrical energy and seven,000 fuel industrial customers, however solely 38,000 industrial models are registered in gross sales tax.

Shabbar Zaidi stated the federal government needs to facilitate the enterprise neighborhood whereas enhancing the tax internet.

He stated industries ought to get themselves registered in gross sales tax. He stated no criticism of harassment has been obtained about fee of taxes.

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