ISLAMABAD – Federal Board of Revenue (FBR) prepares a summary for theimposition of additional Rs155 billion taxes from January 2019.
The FBR in its supplementary bill draft has recommended an increase in thetax duty on imported luxury cars, and uniformity on General Sales Tax onall items.
The department has also recommended an increase in sales tax from 5 percentto 22 percent.
It has further suggested a decrease in the customs duty on the rawmaterials to be used in the export-oriented industries.
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In its latest measure to tighten noose around tax evaders, the FBR hasestablished a special departmental to probe as many as 20 biggest taxevaders.
The department will begin probe for tax recovery from January 1, 2019. TheFBR has been directed to ensure tax recovery within a month.
