15pc surcharge on payable income tax applies to all: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has said the imposition of 15% surcharge on the amount of payable income tax for the period 15th March, 2011 to 30th June, 2011 is applicable on all income taxpayers whether individual, Association of Persons (AOPs), or Companies.

In an official statement released on Saturday, it says: “In order to remove any misconception which may have been caused by a press report appearing in a section of the media, the government wishes to clarify that the imposition of 15% surcharge on the amount of payable income tax for the period 15th March, 2011 to 30th June, 2011 is applicable on all income tax payers whether individual, Association of Persons (AOPs), or Companies. It is an across-the-board surcharge, levied without exception or discrimination, on all categories of income taxpayers. As such, the promulgated law does not envisage any exemption or special treatment to any category of taxpayers.”-PR