The Federal Board of Revenue (FBR) assured that no tax would be deducted on bank deposits of Rs 200,000.
This was revealed during the Revenue Division’s meeting with the All Pakistan Traders Organization.
The FBR clarified that digital invoicing will not apply to small traders and retailers. Instead, it will be implemented in phases, limited to business-to-business transactions involving sales tax-registered companies. Trader representatives will also be included in the digitalization committee.
The FBR further stated that the newly introduced sales tax laws 37A and 37B do not apply to small traders, and no large industrialist will be arrested under these provisions. The laws are solely aimed at preventing fake invoicing.
It was agreed that a separate meeting would be held to develop a new mechanism regarding customs raids in markets. Additionally, traders will be consulted for any tax reforms related to mobile phones.
Business leaders Kashif Chaudhry, Khawaja Salman Siddiqui, and Sharjeel Mir participated in the talks and firmly conveyed that the business community will not accept “cruel taxes” under any circumstances.
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Agreed with the business community; as a matter of fact it is not only to fulfill the demands of IMF for the payment of Interest + principal, rather the money so collected is meant to fulfill the lavish lives demands of corrupted politicians and bureaucracy.
The great thing is that if you deposit your money in a bank, there is no tax and no benefit to the depositor, but when you withdraw your own money, you pay tax.
ایک کنجوس نے اپنے بچوں سے کہا جو جو آج رات کا کھانا نہیں کھائے گا اسے 10 روپے ملیں گے۔ اس کی بچوں نے آفر لے لی۔
صبح اٹھ کر اس نے کہا کھانا اسے ملے گا جو 10 روپے دے گا۔
گورنمنٹ کا دماغ خراب ہے۔ شکر کرو اس کرپٹو کے دور میں لوگ بینک میں پیسے رکھ رہے ہیں
ورنہ بزنس مین کو کیا لگا کہ بینک میں پیسے رکھ کے پابندیاں الگ برداشت کرے اور پاکستان تک محدود ہو جائے
So out of the all the 250M+ awaam, basically only the salaried class was, is and will always be paying taxes whatsoever.
پرائیویٹ ہاؤسنگ سکیمیں کامیاب بنانے کے لیے شہروں کا نظام برباد کیا گیا
اب کریپٹو کرنسی کو کامیاب کرنے کے لیے کاروبار تباہ کر رہے ہیں کمینے پن کی انتہاؤں پر ہیں
یعنی یہ ملک کے باشندے عوام حکمران سب ایک دوسرے کا نوچ نوچ کر کھا رہے ہیں
یہ جانتے ہوئے کہ رازق صرف اللّٰہ ہے