AIRLINK 69.92 Increased By ▲ 4.72 (7.24%)
BOP 5.46 Decreased By ▼ -0.11 (-1.97%)
CNERGY 4.50 Decreased By ▼ -0.06 (-1.32%)
DFML 25.71 Increased By ▲ 1.19 (4.85%)
DGKC 69.85 Decreased By ▼ -0.11 (-0.16%)
FCCL 20.02 Decreased By ▼ -0.28 (-1.38%)
FFBL 30.69 Increased By ▲ 1.58 (5.43%)
FFL 9.75 Decreased By ▼ -0.08 (-0.81%)
GGL 10.12 Increased By ▲ 0.11 (1.1%)
HBL 114.90 Increased By ▲ 0.65 (0.57%)
HUBC 132.10 Increased By ▲ 3.00 (2.32%)
HUMNL 6.73 Increased By ▲ 0.02 (0.3%)
KEL 4.44 No Change ▼ 0.00 (0%)
KOSM 4.93 Increased By ▲ 0.04 (0.82%)
MLCF 36.45 Decreased By ▼ -0.55 (-1.49%)
OGDC 133.90 Increased By ▲ 1.60 (1.21%)
PAEL 22.50 Decreased By ▼ -0.04 (-0.18%)
PIAA 25.39 Decreased By ▼ -0.50 (-1.93%)
PIBTL 6.61 Increased By ▲ 0.01 (0.15%)
PPL 113.20 Increased By ▲ 0.35 (0.31%)
PRL 30.12 Increased By ▲ 0.71 (2.41%)
PTC 14.70 Decreased By ▼ -0.54 (-3.54%)
SEARL 57.55 Increased By ▲ 0.52 (0.91%)
SNGP 66.60 Increased By ▲ 0.15 (0.23%)
SSGC 10.99 Increased By ▲ 0.01 (0.09%)
TELE 8.77 Decreased By ▼ -0.03 (-0.34%)
TPLP 11.51 Decreased By ▼ -0.19 (-1.62%)
TRG 68.61 Decreased By ▼ -0.01 (-0.01%)
UNITY 23.47 Increased By ▲ 0.07 (0.3%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 7,399 Increased By 104.2 (1.43%)
BR30 24,136 Increased By 282 (1.18%)
KSE100 70,910 Increased By 619.8 (0.88%)
KSE30 23,377 Increased By 205.6 (0.89%)

FBRLAHORE: All Pakistan Anjuman-e-Tajiran (APAT) representatives of over 5 million wholesalers and retailers in the country, is ready to join hands with Federal Board of Revenue (FBR) to enhance tax net by playing its role to unearth new taxpayers.

 

APAT General Secretary Naeem Mir said here Sunday that tax department should also consult the real stakeholders before formulating national tax policy.

 

"The EBR, apart from developing coordination with provincial tax authorities, also needs to improve liaison with trade bodies by setting up joint action committees at regional level to remove existing irritants and work out a mechanism to increase the revenue," he added.

 

He assured that traders would support the tax department awareness drive to pay tax in national interest, suggesting the FBR to launch a campaign with the help of trade bodies throughout the country to convince retailers as well as wholesalers to consider paying tax as a national obligation.

 

During last decade, dozens of new plazas have emerged in provincial capital where thousands of people are running their businesses without paying any tax, he said and added the FBR should take measures to bring the untaxed sectors and black economy into the tax net.

 

The APAT, he said, understood that a quantum jump in Tax-to-GDP ratio was in dire need but also believed that this objective could only be achieved through facilitation of existing businesses. He said, FBR and the traders wanted and supported documentation of the economy by bringing hospitals, clinics, restaurants, bakeries, wedding lawns, travel agents etc into the tax net.

 

Neem Mir asked those traders having no National Tax Number must get their NTN and pay tax on their earnings. He said FBR should avoid issuing new tax policies without the consultation of the business community for being the main stakeholders, as it would have devastating effect on the businesses in Pakistan.

 

Copyright APP (Associated Press of Pakistan), 2012

Comments

Comments are closed.