PM to announce tax relief package for traders on January 20

ISLAMABAD: Prime Minister Imran Khan to announce tax incentive package for traders on January 20, 2020, Syed Shabbar Zaidi, chairman of Federal Board of Revenue (FBR) said on Saturday.

“The prime minister will formally announce the concessions given to traders community,” the FBR chairman said in a tweet message.

The FBR on October 30, 2019 signed an agreement with small traders and shopkeepers for resolution of tax issues pertaining to this segment of the economy.

Both the sides had agreed to 11-point agreement, which included a simplified income tax return form and fixed tax rate for facilitating the small traders in discharging their liabilities.

The FBR chairman, who is on leave for the period January 06 to January 19, 2020, said that the prime minister would also sought cooperation from the traders community for contribution towards the national economy.

The chairman further said that the prime minister would chair the meeting with the traders on January 20, 2020, which will be held at Prime Minister House, Islamabad.

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