Pakistan

Withholding tax: Traders to hold protest tomorrow

They decided to set up a 36-member supreme council to hold protests against the tax

Online August 16, 2015

LAHORE: Several groups of traders will stage a protest demonstration against the withholding tax on Tuesday (tomorrow). Representatives of various traders’ unions decided that the protest demonstration would be held across the province against the withholding tax. They decided to set up a 36-member supreme council to hold protests against the tax.

Published in The Express Tribune, August 17^th, 2015.

COMMENTS (3)

WAQAR HASSAN BUTT | 9 years ago | Reply Deducting Withholding Tax@ 0.3% initially on all Bank Cash withdrawals exceeding Rs50,000/- is a clear indicator how this Govt.,has failed to collect Tax from the real tax evaders. All the loan liabilities, Debt.Servicing,Universal Obligation surcharge, Neelum Jhelum Surcharge,IMF Repayments Line losses, thefts,admin losses and all circular debts are being recovered from general public through Electricity & Gas bills.I am a Expatriate working in Saudi Arabia, and I send money into my account for monthly expenses for my family. During the month of July 2015 bank deducted Tax @ 0.3%.I am sure this kind of deductions will force the expatriate community to use other channels to remit money to the families.

Motiwala | 9 years ago | Reply It is irony why the Traders or Public pay for the THEFT of different state organizations. Government imposed Electricity surchage and Gas Cess to cover-up Theft losses. In this way the only survivors will be corrupt people and the rest all in losses including Army. Latest example of Soviet Union and Yugoslavia. May ALLAH save this country.

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