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2pc extra-tax: Paapam seeks FBR chief attention

2pc extra-tax: Paapam seeks FBR chief attention

LAHORE: The Pakistan Association of Automotive Parts Accessories Manufacturers (Paapam) has called upon the Federal Board of Revenue to honour its assurance to withdraw two percent extra sales tax on non-retail sales of auto parts.

In a statement issued here, Paapam Chairman Usman Malik said that FBR had not resolved the tax issue despite a lapse of five months since levy of what “he called” illegal tax on non-retail sales of auto-parts.

He said that FBR Chairman Tariq Bajwa had personally promised during meetings with the present and past Chairman, Vice Chairman, and other delegations of Paapam that the two percent extra tax would be withdrawn from the auto parts manufacturers, after fully agreeing that two percent extra sales tax tantamount to double taxation for this fully documented and registered sector.

However, despite a lapse of almost five months no action could be taken by the FBR to reverse the decision.

On the other hand, the field formations of FBR are issuing notices to the Auto Parts Manufacturers (APMs), both in Lahore and Karachi, to deposit the two percent forthwith.

Malik appealed to the FBR chairman to take notice of the issue and resolve the problems being faced by the industry so that the manufacturers can run their industries in peace.