The federal government has decided to impose sales withholding tax on copper, coal, paper and plastic scrap.
Finance Minister Muhammad Aurangzeb said in his budget speech that copper, coal, paper and plastic scrap sectors are informal.
He said that these sectors contribute nothing to the national exchequer.
In order to bring these sectors to the tax net the government has proposed to introduce a sales tax withholding regime.
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Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
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