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Daily Times July 25, 2021 The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to improve the taxation system to increase the number of taxpayers instead of putting more burden on the existing taxpayers. In a statement on Saturday, ICCI President SardarYasirIlyas Khan said that the business community is contributing significantly in the tax revenue generation and as a result the Federal Board of Revenue (FBR) achieved a historic level of tax revenues of Rs4,732 billion in 2020-21, surpassing the revised target of Rs4,691 billion, which was 18pc higher than last year. The president ICCI said that the government should fully automate the taxation system to reduce people to people contact and take initiatives to make the taxation system easier for the taxpayers. He said that businessmen are paying huge amount of taxes but their contribution to the economy is not acknowledged and they are also not incentivised accordingly.

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