No additional tax on any consumer item except sugar: FBR chairman

Author: Staff Report

Federal Board of Revenue (FBR) Chairman Shabbar Zaidi on Wednesday told a legislative body of the Upper House of parliament that the FBR had clarified on a number of occasions and “clarifies again through this forum” that no consumer item had been additionally taxed, except sugar, which had gone from 11% to 17%.

Members of the Senate Committee on Delegated Legislation also observed that many stores had been charging sales tax other than the tagged prices on products. The officials told the meeting that an SRO is being drafted and will be issued to all the clothing markets to include the tax in the tagged price and no money can be overcharged after going to counters. The Committee also discussed the issues faced by public in tax returns filing, mobile phone registration, and taxation in ex-FATA among other issues. Senate Committee held a briefing by FBR regarding the subordinate legislation; rules, regulations, orders, SROs, bylaws schemes which FBR carries out the purposes of parent legislation. The meeting was held under the chairmanship of Senator Kauda Babar here at the Parliament House and was attended among others by Senators Dr. Asad Ashraf, Saleem Zia, Rubina Khalid, Kalsoom Parveen, Mir Hasil Bizenjo, Min Raza Rabbani, Mirza Muhammad Afridi, Chairman FBR Shabbar Zaidi and senior officials from FBR. The meeting was told that all the acts of parliament and rules and regulations relating to FBR are available on FBR’s website and are public. The committee decided to go through all the pieces of parent and subordinate legislation and discuss subsequently.

Share
Leave a Comment

Recent Posts

  • Business

Exposed: Pakistani businessman with Indian partner funding Adil Raja in UK

  A businessman from Mandi Bahauddin in Gujarat, Ahmad Jawad, is funding fugitive YouTuber Adil…

2 hours ago
  • Business

Bidaya Finance has selected Temenos and Systems Limited for its digital financing transformation in KSA

Riyadh, KSA – [Date] – Bidaya Finance's commitment to digitally transform its operations is deeply…

2 hours ago
  • Pakistan

Dellsons Group signs partnership with UAE-based NymCard to promote fintech Innovation

Karachi, Pakistan: Pakistan's financial consultancy firm, Dellsons Associates (Pvt) Ltd, has signed a strategic partnership…

21 hours ago
  • Blogs

Declaration of an Educational Emergency

The Prime Minister of the Islamic Republic of Pakistan verbally announced the declaration of an…

23 hours ago
  • Pakistan

Film Production Manager Revolutionizes Industry with Innovative

Meet Film Production Manager Hassan Ayub, Entertainment Correspondent, born 11 November,1988 in Jhelum Pakistan. In…

23 hours ago
  • Pakistan

Behind the Scenes Brilliance: The Journey of Film Producer Yasir Azeem

In the captivating world of cinema, where creativity and vision converge, Film Producer stands as…

6 days ago