Reports of exorbitant withholding taxes on rickshaws, bikes ‘baseless’: FBR

FBR spokesperson has strongly denied the reports circulated in media regarding increase in imposition of with-holding taxes on auto-rickshaws and motorbikes on Thursday.

According to reports of Baaghitv, the spokesperson for Federal Board of Revenue FBR  has strongly rebuffed the reports, saying increase in the withholding taxes of auto-rickshaws and motor-bikes to the tune of thousand of rupees and termed them canard. The spokesperson clarified that FBR has no plan of increasing the imposition of withholding taxes on auto-rickshaws and amendments under section under Sections 231B (advance tax on private motor vehicles) and 234 (tax on motor vehicles) under the Income Tax Ordinance 2001.

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