Industrial consumers of power, gas to come under Amnesty Scheme: Chairman FBR

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ISLAMABAD: Federal Board of Revenue (FBR) Chief Shabbar Zaidi on Wednesday stated that all the industrial consumers of power and gas will have to register sale taxes by paying two percent tax under Amnesty Scheme by June this year. Addressing a news conference in Islamabad, FBR chairman said the government will make legislation and take steps against the sales tax unregistered manufactures from July this year. He said there are 341,000 electricity and 7,000 gas industrial consumers, but only 38,000 industrial units are registered in sales tax. Shabbar Zaidi said the government wants to facilitate the business community while enhancing the tax net. He said industries should get themselves registered in sales tax. He said no complaint of harassment has been received about payment of taxes. He stated said that less than 50,000 of the 100,000 companies registered with the Security and Exchange Commission of Pakistan (SECP) were paying their taxes. Shabbar Zaidi said he had informed the SECP chairman of this, adding that the law states companies had to pay their taxes irrespective of not having an income and being non-operational. “I have spoken the SECP chairman, either he will remove the company or I will remove it,” Zaidi said.DNA