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Auto parts dealers berate complex tax structure
Business
January 9, 2021
KARACHI: Auto vendors on Friday expressed concern over high taxes and customs duty, and notices issued to them from the Federal Board of Revenue.
The complex tax structure costs more than 90 percent in most cases, they said during a meeting with the newly-elected president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Nasser Hyatt Maggo.
âThe business sector especially importers of automobile items who fulfill the legal requirements suffer the most as the authorities have failed to control the flow of smuggled auto parts in the market,â said Arshad Islam who led a delegation of Pakistan Automobile Spare Parts Importers and Dealers Association.