AGL 40.00 Decreased By ▼ -0.01 (-0.02%)
AIRLINK 192.97 Increased By ▲ 4.99 (2.65%)
BOP 10.13 Increased By ▲ 0.01 (0.1%)
CNERGY 7.25 Increased By ▲ 0.14 (1.97%)
DCL 10.39 Increased By ▲ 0.24 (2.36%)
DFML 42.69 Increased By ▲ 1.12 (2.69%)
DGKC 109.99 Increased By ▲ 2.08 (1.93%)
FCCL 38.80 Decreased By ▼ -0.20 (-0.51%)
FFBL 82.89 Increased By ▲ 0.87 (1.06%)
FFL 15.05 Increased By ▲ 0.15 (1.01%)
HUBC 123.00 Increased By ▲ 3.54 (2.96%)
HUMNL 14.21 Increased By ▲ 0.16 (1.14%)
KEL 6.37 Decreased By ▼ -0.03 (-0.47%)
KOSM 8.14 Increased By ▲ 0.07 (0.87%)
MLCF 50.02 Increased By ▲ 0.55 (1.11%)
NBP 74.03 Increased By ▲ 0.37 (0.5%)
OGDC 209.50 Increased By ▲ 4.65 (2.27%)
PAEL 33.84 Increased By ▲ 0.28 (0.83%)
PIBTL 8.67 Increased By ▲ 0.60 (7.43%)
PPL 191.95 Increased By ▲ 6.54 (3.53%)
PRL 33.62 Increased By ▲ 0.01 (0.03%)
PTC 27.50 Increased By ▲ 0.11 (0.4%)
SEARL 119.51 Decreased By ▼ -0.31 (-0.26%)
TELE 9.75 Increased By ▲ 0.06 (0.62%)
TOMCL 35.65 Increased By ▲ 0.35 (0.99%)
TPLP 12.60 Increased By ▲ 0.35 (2.86%)
TREET 21.08 Increased By ▲ 0.82 (4.05%)
TRG 60.90 Increased By ▲ 0.12 (0.2%)
UNITY 38.06 Increased By ▲ 0.07 (0.18%)
WTL 1.66 Increased By ▲ 0.01 (0.61%)
BR100 11,917 Increased By 145 (1.23%)
BR30 37,169 Increased By 585.4 (1.6%)
KSE100 112,325 Increased By 1515.1 (1.37%)
KSE30 34,972 Increased By 542.5 (1.58%)

ISLAMABAD: Finance Minister Miftah Ismail, Tuesday, assured the Chambers of Small Traders and Small Industry (CSTSI) about a review of the decision with respect to fixed tax on electricity bills.

An official said that the traders have been assured about the review by the finance minister during the meeting with them on second consecutive day on Tuesday.

The government team led by the finance minister and Coordinator to the Prime Minister on Commerce and Industry and other senior officers held meeting with various organisations of traders and Chambers of Small Traders and Small Industry on Monday and Tuesday on the issue of fixed tax on electricity bills.

As part of the meetings, on Tuesday, Ismail met with a delegation of Mardan CSTSI headed by its President Muhammad Fayyaz Khan and President Markazi Tanzeem-e-Tajraan Khyber-Pakhtunkhwa Sharafat Ali Mubarak.

President Markazi Tanzeem-e-Tajraan KP and President Mardan CSTI informed the finance minister regarding the issues being faced by the Chambers of Small Traders and Small Industry especially related to the imposition of fixed tax on electricity bills, property taxes, and sales tax.

Refunds, ‘fixed tax’ on power bills: Miftah tries to soothe small traders’ concerns

The finance minister was urged to resolve these issues at the earliest time possible.

The finance minister acknowledged the contribution of this sector and assured them that their concerns would be addressed and informed the delegation that reviews are being carried out for resolving the aforementioned issues.

Talking to Business Recorder, traders have termed the government’s decision of imposing a fixed tax of Rs3,000 on electricity bills as “unfair” and stated that they would protest against it if the government did not withdraw this tax. They said that the government had announced that this tax would be levied on those traders whose monthly electricity bill would be Rs30,000 but claimed that the fixed tax has been imposed on the electricity bills of all traders even those whose electricity bills have been much lower compared to the benchmark stated by the finance minister.

Copyright Business Recorder, 2022

Comments

Comments are closed.

samir sardana Aug 03, 2022 04:08pm
It is a simple deal SHOPPIES do not pay TAX ON PROFIT OR TAX ON SALE Shoppies claim 1st point tax,and say that their prior supplier or factory,paid the tax,and that there is no profit on sale ! So the GOP has NO WAY TO CHECK THIS So what is 1 thing w/o which the SHOPPIE CANNOT SELL ANYTHING ? IT IS POWER SO GOP HAS TAXED POWER NOW THE GOVTT HAS TO VAT IT,FOR THE SMALL SHOPPIES - SO THAT THEY ARE FORCED TO PAY TAX ON PROFIT OR VAT ON SALES - AND DEDUCT THE POWER TAX ONCE THEY ARE IN THE NET - THEN THE ENTIRE SUPPLY CHAIN CAN BE DUG UP - AND THE SHOPPIES WILL HAVE A CARROT TO PAY POWER BILLS,POWER TAX AND VAT ON SALES AND TAX ON PROFIT TAX ON POWER = PURE GENIUS ! dindooohindoo
thumb_up Recommended (0)