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Reading: Petroleum Dealers Threaten Nationwide Shutdown on July 5 Over Advance Tax
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Petroleum dealers advance tax
PhotoNews Pakistan > Business > Petroleum Dealers Threaten Nationwide Shutdown on July 5 Over Advance Tax
BusinessPakistan

Petroleum Dealers Threaten Nationwide Shutdown on July 5 Over Advance Tax

Web Desk
By Web Desk Published July 1, 2024 1 Min Read
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Petroleum Dealers warns for nationwide shutdown on July 5 if the advance tax is not revoked. Photo: Pakistan Today
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The Pakistan Petroleum Dealers Association (PPDA) has threatened to close petrol stations nationwide on July 5 unless the government revokes the advance tax.

During a press conference, PPDA Chairman Abdul Sami Khan criticized the 0.5% advance turnover tax levied on petroleum dealers by the latest finance bill, labelling it unsustainable for petrol pump businesses.

The Pakistan Petroleum Dealers Association (PPDA) has threatened to shut down petrol stations nationwide on Friday, July 5, if the advance tax is not withdrawn from the Finance Bill 2024.

Read More: https://t.co/hAAyIcnyYt pic.twitter.com/FQWhXX1RTg

— ProPakistani (@ProPakistaniPK) July 1, 2024

Khan called on the government to promptly eliminate the advance tax, cautioning that failure would force them to cease operations across the country.

He pointed out declining sales for petroleum dealers and accused the government of facilitating smuggling. Khan claimed that those who oppose these measures face intimidation, and the additional transaction taxes are exacerbating the burden on dealers.

Khan also mentioned that the Prime Minister has indicated an inability to alter the tax policy.

A delegation of petroleum dealers plans to visit Islamabad today to discuss their concerns with the Finance Minister, the Petroleum Minister, and the Chairman of the Federal Board of Revenue (FBR).

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