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Rs200b mini-budget to appease IMF on cards

Traders prove a tough cookie to crack; step up against govt s will to expand tax net

Traders prove a tough cookie to crack; step up against govt s will to expand tax net
dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.

FBR assures to facilitate yarn traders in next budget

Daily Times April 13, 2021 Chief Commissioner Corporate Regional Tax Office (CRTO), Dr Aftab Imam has assured business community of analysing the issue of higher turnover tax on yarn traders as compared to the profit margin and look into the possibility of restoring it back to 0.1 percent from 1.5 percent in the next budget. The assurance was given by the chief commissioner at a meeting during his visit to the Karachi Chamber of Commerce and Industry (KCCI) which was attended by President KCCI M Shariq Vohra and others. The chief commissioner CRTO mentioned that FBR is seriously working towards creating ease for the business community as the economy would only flourish when the businesses flourish that would automatically improve the tax revenue for the country.

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