The president of the Pakistani peoples’ party Bilawal Bhutto Zardari said on Thursday that his party supported the federal budget with all my heart after the government has accepted its requests for exemption from income tax on employees earning RS100,000 and reduces the sales tax on solar panels.
The annual income tax of 1.2 million rupees was exempt from the request of the PPP, said Bilawal Bhutto speaking upstairs of the house.
He added that the government had also accepted PPP reserves concerning access to arrest powers at the Federal Board of Return.
The government has agreed that arrest powers will only be limited to the counterfeit sales taxes and that at the survey stage, no arrest will be made, said Bilawal.
Tax fraud will also be an offense under bail, said the president of the PPP while announcing the agreement of his party with the government on the powers of arrest.
Read: PPP hardens the position on “draconian powers” for taxes
The Express PK Press Club said on Thursday that the PPP refused to vote on the bill due to the proposal to give arrest powers to the FBR.
However, Dar ISHAQ DAR convinced the PPP to withdraw the objections.
Dar also said The Express PK Press Club This new guarantee was added to the finance law to respond to the concerns of the PPP.
Bilawal said the PPP demanded that there is no income tax until Rs1m. He said that now we are told that there will be no salary tax that can go up to Rs1.2 million per year.
He said the government has also increased the BISP budget by 20% at the request of the PPP. The government has allocated 716 billion rupees for the BISP for the next exercise.
