Simplified Tax Scheme For Small Traders, Issues & Expectations
Discussion on simplified tax structure for small traders, their strike call and economic implications. All Pakistan Tajir Association President Ajmal Baloch, Tax lawyer Zeeshan Merchant, MD TangenT Faheem Sardar part of discussion. Host Imran Hassan.
– Simplified tax structure for small traders proposed
– it has a manual interface and requires only 3-4 bits of info for registration, payment is bi annual, payment is final discharge, limited FBR personnel interacting etc
– 4.1 million traders who can generate approx Rs. 150 – 200 billion in tax revenue
– expands tax net considerably and reduces tax hemorrhage
– needs to be brought in the field to be seen