Budget Conflicts: Govt urged to withdraw withholding tax

LCCI president urges government not to pass the federal budget till necessary amendments are made


Our Correspondent May 02, 2018
PHOTO: LCCI

LAHORE: Lahore Chamber of Commerce and Industry (LCCI) President Malik Tahir Javaid has urged the National Assembly not to pass the federal budget 2018-19 until necessary amendments are made. In a statement, he said obstacles in the way of the business community like withholding tax on banking transactions should not be part of the budget as they would nullify the good initiatives. The LCCI president said the withholding tax on banking transactions was “extortion” and was being collected forcefully without keeping in view the agony of the business community. “The budget is to be presented to the National Assembly for debate and approval; it is a chance for members of the National Assembly to remove withholding tax,” he emphasised.

Published in The Express Tribune, May 2nd, 2018.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Our Publications

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ