The Senate Standing Committee on Finance has approved a proposal to increase vehicle registration tax by 100 per cent for those who do not submit returns to the FBR.
The meeting of the Senate Standing Committee on Finance was attended by the Chairman FBR and other officials. Be done
FBR officials told the committee that the flying allowance for the pilot has also been included in his salary. Earlier, the flying allowance was taxed at 7.5%. It is not correct to tax the flying allowance.
The Senate Standing Committee on Finance opposed the imposition of a tax on the Flying Allowance.
FBR officials informed the committee that the Capital Gains Tax Exemption on property for retired and serving Army employees is being withdrawn, and the Capital Gains Tax Exemption on property for government employees is also being withdrawn.
According to FBR officials, the Senate Standing Committee on Finance has approved the FBR’s proposal.
FBR officials said that the tax on vehicles for non-filers has been increased by 100%. On this, the chairman of the committee said that tax should not be levied on small vehicles, whether they are filers or filers.
Chairman FBR said that if a non-filer can buy a vehicle, he should pay tax. The non-filer will pay 5% tax on whatever property he buys.
The committee approved the proposal to increase the vehicle registration tax on non-filers by 100%.
Geo News Urdu