President of Pakistan Peoples Party Bilawal Bhutto Zardari said on Thursday that his party wholeheartedly supported the federal budget after the government accepted its demand to exempt income tax for employees earning RS100,000 and reducing VAT on solar panels.
The income tax on the annual income of RS1.2 million is exempt from the PPP demand, Bilawal Bhutto said while talking on the floor of the house.
He also said the government also agreed on PPP’s reservations about giving arrest powers to the federal income council.
The government agreed that the arrest powers will only be limited to the forgery of VAT, and in the study stage no arrest will be arrested, Bilawal said.
The tax fraud will also be a fair offense, the PPP chairman said, announcing his party’s agreement with the government about the arrest forces.
Read: PPP Hares Attitude to ‘Draconian Powers’ for Tax Authority
Express Pakinomist Reported on Thursday that PPP had refused to vote on the bill due to a proposal to give arrest powers to FBR.
However, Deputy Prime Minister Ishaq Dar convinced PPP to withdraw the objections.
Dar also told Express Pakinomist These new protective measures have been added to the Finance Act to tackle PPP’s concerns.
Bilawal said PPP had demanded that there should be no tax on up to RS1M income. He said we are now told that there will be no tax on wages of up to RS1.2 million a year.
He said the government also increased the BISP budget by 20% according to PPP’s demand. The government has awarded RS716 billion to Bisp for the next financial year.
