Abb Takk News

Manufacturing Sector Bearing Burden of Taxes: Chairman FBR

ISLAMABAD: FBR Chairman Shabbar Zaidi has said that the entire burden of taxes is on the manufacturing sector which amounts to 70 per cent.

Addressing an event in Islamabad on Tuesday, Zaidi said that every sector has to pay at least 25 per cent tax but the manufacturing sector is paying the most taxes.

He said, “We have to improve and increase our tax net on immediate basis.” The FBR chairman said tax generation from other sectors is not up to the mark and is lowest. He said the entire tax system needs urgent reforms.

Earlier in his briefing to media, Shabbar said the government is working on documentation of economy to increase the tax net by bringing more sales tax filers in a bid to improve the economy.