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  • Oct 26th, 2005
  • Comments Off on Exemption of WT on relief accounts pleaded
The Central Board of Revenue (CBR) should exempt 0.25 percent withholding tax on bank accounts of earthquake relief fund and income tax for all registered associations, chambers and trade bodies similar to the exemption granted to the President's Relief Fund.

An appeal to this effect was made by the Chairman of the Standing committee on Law and Order Sindh of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Shahid Malik. He hoped that with such an exemption, the relief fund collecting agencies would collect greater amount for the earthquake victims.

Shahid Malik also appealed to the business community to come forward and donate generously towards the earthquake relief fund.

Copyright Associated Press of Pakistan, 2005


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