The Pakistan Petroleum Dealers Association (PPDA) has stated that if the advance tax is not refunded, they will shut down the entire country on July 5.
PPDA chairman Abdul Samad Khan said in a press conference that petroleum dealers are concerned about the 0.5% advance turnover tax included in the Finance Bill.
He said this tax makes it impossible to run the petrol pump business. The government should immediately review and eliminate this advance tax, otherwise, the dealers will have no choice but to shut down their businesses.
Khan said the oil marketing companies’ interests are most important to them.
The PPDA chairman stated that the government is imposing taxes on everything, sales of petroleum dealers have declined, the government is supporting smuggling, and threats are made against those who speak out against smuggling.
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He said that tax is already being levied on every transaction of the goods being sold. The Prime Minister says he is compelled to implement these taxes.
Khan said the PPDA delegation is going to Islamabad today to meet the Finance Minister, Petroleum Minister, and FBR Chairman. If the issues are not resolved, the entire country will be shut down on July 5.
