The Federal Board of Revenue (FBR) has made it compulsory for car dealers to conduct transactions through banking channels besides barring them from collecting sales tax from the buyer.
Some car dealers are of the opinion that the new tax will burden people who are fighting to recover from the lack of business over the last five months, however, others believe that the 17pc sales tax won’t hinder business activities.
It is pertinent to mention here that the government has fulfilled another Financial Action Task Force (FATF) requirement by making the use of banking channels mandatory for such transactions.
They knew all but they snatching money from each and everybody
what do you mean by they, its your national responsibility to fulfill your obligations to the govt.. lets take a positive step to it to avoid the indirectly tax payments that we ordinary people are making each day.. this is a great initiative to bring the transactions on banking platform.
State has become a tax monster here…zero service and 1000% tax…no standard health services, no reliable protection, no quality education…what the hell state does in Pakistan…