Thursday, 22 February 2024
Trending
Fixed Tax Regime Demands Islamabad Chamber of Commerce
TAXATION

Islamabad Chamber of Commerce chief demands fixed tax regime for Traders

Islamabad Chamber of Commerce and Industry President Sardar Yasir Ilyas Khan has urged the government to introduce a fixed tax regime for traders in the upcoming budget. He also said to end the condition of CNIC on sale. It will help in promoting documented economy and increasing tax revenue.

He said that the retail sector was contributing around 20% to GDP. Introducing a fixed tax regime would be a great initiative to broaden the tax base of the country. He added that the best option to increase tax revenue is to avoid putting more tax burden on current taxpayers. Govt should focus on broadening the tax base with low tax rates.

If you want to become active tax filer or want to get tax, accounting and corporate services in Pakistan then we are here to provide you professional services! Call: 0092-3334875413 | www.globaltaxconsultants.pk

ICCI chief said that high tax rates in Pakistan were a major hurdle in promoting tax culture. He said high tax rates always encouraged tax evasion. Therefore, the government should focus on rationalization of taxes to make them affordable for taxpayers. ICCI emphasized that it will promote tax compliance across the country.

tax accounting services top tax consultants lahore pakistan
Ads:

Fixed Tax Regime | Islamabad Chamber of Commerce | FBR | Federal Board of Revenue | Traders | Budget 2021 |

See also  FBR Reduces Additional Customs Duty on Import of Agriculture Tractors
Newsletter
Subscribe Now

Sign up for  Daily Digest and get the best of News for you.

[contact-form-7 id="11414" title="Contact form 1"]

Tax.net.pk - Your Tax Experts and Consultants

Welcome to Tax.net.pk

Providing Expert Tax Services for Individuals and Businesses

About Us

At Tax.net.pk, we are dedicated to providing comprehensive tax solutions tailored to meet the needs of individuals and businesses. With years of experience in the industry, our team of tax experts is equipped to handle various tax matters, including tax planning, preparation of tax returns, and compliance.

We strive to stay up-to-date with the latest tax laws and regulations, ensuring that our clients receive accurate and reliable advice. Our commitment to client satisfaction and our in-depth knowledge of the tax landscape make us the trusted choice for all your tax-related needs.

Contact Us

For inquiries or to schedule a consultation, please reach out to us: