FBR may withdraw sales tax withholding for registered persons

KARACHI: Federal Board of Revenue (FBR) is considering to withdraw the provisions of withholding sales tax for registered persons following the implementation of new sales tax and federal excise returns.
A day earlier, Member Inland Revenue (Operations) Muhammad Irshad Khan had promised that he would discuss the issue of withholding with tax at the FBR.
The issue has been raised by Karachi Tax Bar Association (KTBA) and suggested the FBR that withholding provisions should now be done away with between the registered persons and restrict the withholding provisions from un-registered persons only.

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