LCCI asks govt to focus on fixing Faster Plus
Business
April 1, 2021
LAHORE: The Lahore Chamber of Commerce and Industry on Wednesday suggested the government focus on fixing the technical problems in the sales tax e-refund system (Faster Plus), a statement said.
Presenting the budget proposals for 2021/22, the Lahore Chamber said that the condition of disclosing CNIC for the sale to an unregistered person should be abolished in the larger interest of small businesses in the country in these challenging economic times.
Discussing about the turnover tax, it suggested that the rate should be reduced from the current 1.5 percent for the retail sector.
ISLAMABAD: The Federal Board of Revenue on Wednesday claimed credit for increasing monthly exports to $2.4 billion in December from $1.6 billion in August on the back of its trade facilitation.