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Tag: All Karachi Tajir Ittehad

  • Traders call off protest on successful talks with Sindh governor

    Traders call off protest on successful talks with Sindh governor

    KARACHI: Karachi Tajir Ittehad on Sunday called off its three-day shutter down protest after successful meeting with Sindh Governor Imran Ismail.

    The small traders representing various markets of Karachi city a day earlier decided to shut down their shops for initially three days in order to force the government to accept their demands related to taxation.

    The traders had also demanded the federal government to replace Sindh governor.

    Sindh Governor Imran Ismail in the meeting with small traders apologized for his remarks related to collection of taxes.

    The governor assured the traders that the tax authorities would not take any adverse action against traders for next one month. He also assured the trade community for negotiations on taxation measures.

    At the meeting the trade associations presented their chartered of demand.

    The traders said that they were ready to talk with the chairman of Federal Board of Revenue (FBR). Till the meeting with the FBR chairman there will be no protest, the traders assured.

    They said that the negotiations with the FBR chairman would be successful and in case of failure the traders would have no other option but to shut down their businesses.

    The trade leaders including Jameel Pracha, Rizwan Irfan, Sheikh Alam, Hakeem Shaikh, Waqar Azeem and others were present at the meeting.

    Leader of trade community Jameel Pracha asked the market associations to open their business on Monday July 08, 2019.

  • Small traders decide to strongly resist FBR’s raids

    Small traders decide to strongly resist FBR’s raids

    KARACHI: Small traders have decided to resist strongly any move of the Federal Board of Revenue (FBR) to raid markets and business premises.

    An emergent meeting of All Karachi Tajir Ittehad on Wednesday rejected enforcement plan of the tax machinery to raid markets and shopping centers for identifying new taxpayers.

    “The trade community will resist strongly against any raids and all such places will be made ‘no go areas’ for FBR officials,” it is decided at the meeting.

    Atiq Mir, leader of the trade community, said that the tax system of the country cannot be changed overnight.

    He said that the trade community would strongly protest against the corrupt officials of the FBR. “The government is not using tax money for development but it is used for debt repayment and interest payment,” he added.

    Other participants have suggested reforms in the present tax system. The present tax system is promoting corruption and giving further discretionary powers to tax officials would make the tax system more complicated.

    The traders suggested that the tax exempt income should be increased from Rs400,000 to Rs1.5 million. Further the turnover for sales tax registration requirement should be enhanced from Rs5 million to Rs50 million.

    The e-filing of returns should be restricted to limited companies. They said that the random audit was promoting corruption, which should be either abolished or replaced with a better system.

    They suggested that essential items should be exempted from sales tax.

    The traders assured the government that if their demands are accepted then not only revenue would increase but around one million return filers would also come into tax net.