Hammad Azhar urges busine­ssmen to submit releva­nt propos­alsISLAMABAD: The government is considering imposing a fixed tax on traders to facilitate them in meeting their tax obligations and to broaden the tax net, said State Minister for Revenue Hammad Azhar. He recalled that the ICCI had floated the idea of fixed tax for the traders a long time ago and praised the current government for considering the proposal. “Government should divide the traders into different categories and impose fixed tax on them based on their ability to pay the levy,” he said. However, he urged the government to give an option to the traders either to pay the tax through the old system or through the fixed tax regime. He suggested that the government should also consider fixed tax on the annual turnover of traders.

Source: The Express Tribune March 23, 2019 11:03 UTC