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.
FBR official assures traders of resolving issues
Says authority is working to facilitate business community
During first year of project implementation, there was no progress on goal of upgrading FBR’s ICT systems, according to re-port. PHOTO: FILE
KARACHI:
Federal Board of Revenue (FBR) Corporate Regional Tax Office (CRTO) Karachi Chief Commissioner Aftab Imam has assured the business community of analysing the issue of high turnover tax on yarn traders as compared to profit margins and looking into the possibility of restoring it back to 0.1% from 1.5% in the next budget.
During his visit to the Karachi Chamber of Commerce and Industry (KCCI) on Monday, the chief commissioner said that the FBR was seriously working on creating ease for the business community as the economy would only flourish when businesses flourished, which would automatically improve tax revenue for the country.
KCCI slams market closure decision thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Traders object to keeping markets closed two days a week
Urge govt to find another solution for curbing virus spread, write letter to Sindh CM
Markets remained closed in Karachi on Saturday as authorities imposed a new set of Covid-19 restrictions. The city’s traders, however, have expressed reservations on the move. PHOTO: NNI
KARACHI:
Traders in Karachi have objected to the Sindh government s decision of keeping markets closed two days a week as part of measures taken to curb the spread of the coronavirus during the third wave of the pandemic.
In a statement issued on Saturday, Karachi Chamber of Commerce and Industry president Shariq Vohra and Businessmen Group chairperson Zubair Motiwala maintained that while traders had always supported the government in its efforts to control the spread of the coronavirus and realised the need to take precaution during the third wave of the pandemic, the decision to keep markets closed two days a week was not a good one.