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FBR sends summary to Finance Ministry to increase tax rate on non-filers

FBR sends summary to Finance Ministry to increase tax rate on non-filers

ISLAMABAD: Federal Board of Revenue (FBR) has prepared the amended Finance Bill and sent the draft to the Finance Ministry, proposing to increase the tax rate on non-filers and increase General Sales Tax (GST) from 17pc to 20 pc.

Official sources told Customs Today that the board has also proposed to increase the tax from 2 percent to 3 percent for the non-registered people while also proposed to review rate with increase in tax on the purchase of vehicles and properties on filers and non-filers, sources confirmed.

Meanwhile, the board has also included the withdrawal of 5% tax imposed on the import of newsprint in the amended Finance Bill; however; the main increase was proposed on the non-filers and also suggested the amendments in the tax on the salaried persons. The board has proposed increase in the taxes with the indent to recover the revenue shortfall which was badly affected by withdrawal of taxes on mobile cards.

It is important to mention here that government directed the board to prepare a list of general non-necessary items on which the duty will be increased, while it also directed to reduce the age limit of imported jeeps to 3 years from 5 years and for cars to 2 years from 3 years which was also mentioned in the previous mini budget.