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Traders demand fix-tax system, cut in turnover tax ratio

Peshawar   –  President Traders’ Alliance Khyber Pakhtunkhwa Mujeeb-ur-Rehman has called for introducing fix-tax system for trading community and bringing the ratio of turn-over tax down to 0.25%.

Addressing a consultative meeting of trading community regarding forthcoming federal and provincial budgets here on Sunday, Mujeeb-ur-Rehman stressed upon the government to keep in view the introduction of a simplified tax system to make a traders’ friendly and growth-oriented budget. He suggested registration of shopkeeper for sales tax on the basis of the volume of his business.

He was confident that the tax target of Rs8000 billion could be easily achieved after implementation of agreements reached-out with trading community. He called for strengthening of coordination between Federal Board of Revenue (FBR) and trading community. Mujeeb-ur-Rehman also demanded relief package for traders and SMEs, issuance of mark-up credit to traders on personal surety and relief on commercial power bills.

 

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