KARACHI: Chairman Federal Board of Revenue (FBR) Sohail Ahmed has said that 15 percent value added tax has been proposed.
Talking to Geo News, he said the draft proposal in this regards has been presented to the Parliament which, after approval, will be put into effect from July 1, 2010.
The Parliament’s decision in this regard will be final in this connection.
He announced that the traders will be provided all the services at one spot under Inland Revenue Service.
The Chairman said that the FBR staff coerce traders into providing kick backs if the latter decide not to pay bribe.
He said the custom officials only gain 10 percent advantage out of the corrupt practices in the customs while 90 benefits are derived by the businessmen.
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