Cement distributors not happy with proposed tax measures

All Pakistan Cement Distribution Association (APCDA) has shown some reservations on the proposed tax measures in the Federal Budget 2019–20 (effective from 1 July 2019) and appealed to the government to avoid taking such negative steps, which could be detrimental for the cement distribution business in the country.

The association has submitted the open appeal to the Prime Minister of Pakistan, Imran Khan, Advisor to PM on Finance, Sk Abdul Hafeez, State Minister for Revenue, Hammad Azhar and Chairman of the Federal Board of Revenue, Syed Muhammad Shabbar Zaidi.

According to the APCDA, the tax measures include a 1.5 per cent turnover tax on the sale of cement and the mandatory submission of Computerised National Identity Cards (CNIC) on invoices for the sale of cement.