Karachi: Pakistan Petroleum Dealers Association has announced that the country will shut down on July 5 if the advance tax is not refunded. turnover tax in financial statements. The Finance Law introduced an advance tax rate of 0.5%. It is not possible to operate petrol pumps with this tax. The government must reconsider the withholding tax and immediately abolish it, or there will be no other option but to shut down the business. Oil marketing companies also care about their own interests.
The President of Pakistan Oil Dealers Association said that the government is taking everything into consideration. Sales of petroleum products have declined. The government supports smuggling. Those who oppose the drug trade are threatened. Sales pre-tax at time of purchase. The Prime Minister said he was forced to implement taxes. A delegation of oil traders will visit Islamabad today. They will try to meet the finance minister, the oil minister and the FBR chief. If the issue is not resolved, there will be a nationwide shutdown on July 5.
Abdul Sami Khan said, “We have been running petrol pumps with low profits.” Inflation rate will rise further from Lahore. The additional burden of advance taxes will affect our business. Advance taxation will also increase the burden on the commercial sector.
