Prime Minister directs exempt growers from 35% withholding tax levy

Islamabad: Prime Minister Yusuf Raza Gilani directed Federal Board of Revenue FBR to exempt growers from 3.5% withholding tax levy.

He gave directive Saturday on request of Pakistan Cotton Ginners Association. Withholding tax will now be deducted from commission agents by ginners and deposited in government treasury. Gilani said this step will not only remove malpractices of bogus certificates to avoid taxes but also broaden tax base as commission agents registration will lead to efficient tax recovery.

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