Govt reverses advance turnover tax on petroleum dealers

Govt reverses advance turnover tax on petroleum dealers

In a significant turnaround, the Pakistan Petroleum Dealers Association (PPDA) has successfully convinced government officials to revoke the imposition of a 0.5 percent advance turnover tax on petroleum retailers. The PPDA’s Reforms Group engaged in extensive discussions with key government figures, emphasizing that the tax was a misinterpretation of existing laws. They argued that petroleum […]

Read the full story at the Daily Times website.