{"id":68466,"date":"2020-07-26T09:30:00","date_gmt":"2020-07-26T04:30:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=68466"},"modified":"2020-07-24T17:30:48","modified_gmt":"2020-07-24T12:30:48","slug":"fbr-committee-formed-to-address-sindhs-tax-related-concerns","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-committee-formed-to-address-sindhs-tax-related-concerns.html","title":{"rendered":"FBR committee formed to address Sindh&#8217;s tax-related concerns"},"content":{"rendered":"\n<p>Karachi: The Federal Board of Revenue (FBR) announced on Thursday the constitution of a committee to resolve issues with the Sindh tax authority over the revenue collection from vehicles, according to news sources. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-reforms-new-simpler-income-returns-filing-form-to-be-introduced.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR Reforms: \u2018New, simpler\u2019 income returns filing form to be introduced<\/a><\/p>\n\n\n\n<p>The committee comprises of Regional Tax Office-II chief commissioner and member taxpayers audit, and Excise and Taxation Secretary Ahmad Balal to smoothen the withholding tax collection issue.<\/p>\n\n\n\n<p>The Sindh motor vehicle authority collects withholding tax on <a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-launches-e-pay-app-to-facilitate-tax-payments.html\" target=\"_blank\" rel=\"noreferrer noopener\">registration of new motor vehicles<\/a> and transfer of registration \u2013 as withholding agent under the Income Tax Ordinance, 2001. Previously the collection of tax was performed by the provincial Excise and Taxation department but was delegated as per the decision of the provincial cabinet, last year.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-waive-off-surcharges-warehouses.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR agrees to waive off surcharges on warehouses: FPCCI chairman<\/a><\/p>\n\n\n\n<p>The FBR stated that collection and deposit of tax is a procedural matter and is governed by constitutional law, and therefore should be performed by the Excise and Taxation Department. This newly-formed committee is aimed at sorting out the said issues and will file a monthly implementation report till a joint resolution is reached over all issues. The report will be presented to the Sindh Chief Minister Syed Murad Ali Shah and the Adviser to Chief Minister on Revenue and Finance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Federal Board of Revenue (FBR) announced on Thursday the constitution of a committee to resolve issues with the Sindh tax authority over the revenue collection from vehicles, according to news sources. Read: FBR Reforms: \u2018New, simpler\u2019 income returns filing form to be introduced The committee comprises of Regional Tax Office-II chief commissioner and member taxpayers audit, and Excise and Taxation Secretary Ahmad Balal to smoothen the withholding tax collection issue. The Sindh motor vehicle authority collects withholding tax on registration of new motor vehicles and transfer of registration \u2013 as withholding agent under the Income Tax Ordinance, 2001. Previously the collection of tax was performed by the provincial Excise and Taxation department but was delegated as per the decision of the provincial cabinet, last year. Read: FBR agrees to waive off surcharges on warehouses: FPCCI chairman The FBR stated that collection and deposit of tax is a procedural matter and is governed by constitutional law, and therefore should be performed by the Excise and Taxation Department. This newly-formed committee is aimed at sorting out the said issues and will file a monthly implementation report till a joint resolution is reached over all issues. The report will be presented&hellip;<\/p>\n","protected":false},"author":75,"featured_media":59990,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[35595,19230,35596],"persona":[],"class_list":{"0":"post-68466","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-committee-formed-to-address-tax-related-concerns","9":"tag-federal-board-of-revenue-fbr","10":"tag-withholding-tax-on-vehicle-registration","11":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR committee formed to address tax-related concerns - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR announced on Thursday the constitution of a committee to resolve issues with the Sindh tax authority over the revenue collection from vehicles\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-committee-formed-to-address-sindhs-tax-related-concerns.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR committee formed to address tax-related concerns - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR announced on Thursday the constitution of a committee to resolve issues with the Sindh tax authority over the revenue collection from vehicles\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-committee-formed-to-address-sindhs-tax-related-concerns.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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