Summary He warned that no further extension would be granted in deadline of filing tax returns
ISLAMABAD (Dunya News) – Special Assistant to Prime Minister (PM) on Revenue Haroon Akhtar has said that the government would give incentives to traders in matter of 0.3 percent withholding tax on bank transactions.
While talking to Dunya News in the federal capital, Akhtar said that talks with traders would be held on November 23.
He warned that no further extension would be granted in deadline of filing tax returns which is November 30. He said that incentives would be lined up for traders to incline them towards complying with the withholding tax.
The government would solve the issue in peaceful and undeterred manner. He said that non-filers have no option but for submit tax.
On October 10, Federal Finance Minister Ishaq Dar had said that the traders have agreed on the implementation of withholding tax. Although there was no breakthrough in the talks between the government and traders, he said while talking to the media after a meeting.
Talks between trader and Federal Board of Revenue (FBR) officials were held in Islamabad in the last month. All Pakistan Traders Association (Khalid Pervez group) left the talks since no breakthrough was coming off.
In a press conference, Khalid Pervez stated that he had rejected the withholding tax completely, being the true representative of the traders. He said that he met Ishaq Dar upon the request of Chief Minister (CM) Punjab Shahbaz Sharif but the government tried to strike a bargain with them.
He said that since Ishaq Dar has decided not to withdraw the withholding tax, there will be no changes in the traders’ position.
