ISLAMABAD: Federal Board of Revenue (FBR) has opposed imposition of sin tax on cigarettes.
According to a private TV channel FBR has said sin tax is being clamped on cigarettes through money bill without its consultations. The procedure being adopted for levying this tax is wrong.
The said officer said that FBR revenue is feared to dip by Rs 20 billion due to this move while cigarette smuggling graph is likely to ascend.
Such type of taxation should not be made through money bill, CBR said.