ICAP proposes tax facilitation desks, data-sharing systems and national performance rankings for chambers to help widen Pakistan’s tax base and curb informality
The Institute of Chartered Accountants of Pakistan (ICAP) has proposed a major overhaul of Pakistan’s tax enforcement framework, suggesting that district chambers of commerce be turned into active partners in efforts to curb tax evasion and bring millions of traders into the formal economy.
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KARACHI: Traders in the city have issued a stern warning to K-Electric (KE) against recovering its outstanding dues of Rs68 billion from compliant bill-paying citizens and businesses, threatening widespread protests if such an attempt is made.
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Karachi – The Pakistan Business Forum (PBF) has called on traders and shopkeepers across the country to fulfill their tax obligations, emphasizing the importance of increased tax collection for long-term economic stability.
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Karachi, August 28, 2024 – The Federal Board of Revenue (FBR) on Wednesday introduced a simplified return form for traders, making the declaration of deemed income mandatory under the new guidelines.
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Karachi, August 28, 2024 – A nationwide strike led by traders has brought Pakistan to a standstill, protesting against the government’s recent tax reforms and soaring electricity bills.
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MULTAN: The Federal Board of Revenue (FBR) will revise SRO 1064 of the Tajir Dost Scheme, considering the demands and concerns of traders, according to Naeem Mir, Chief Coordinator of the scheme.
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Islamabad, August 25, 2024 – The Federal Board of Revenue (FBR) has reached out to traders for negotiations concerning a controversial tax scheme ahead of a shutter-down strike planned for August 28, 2024. This move comes as the traders’ community in Karachi and other parts of the country announced their decision to close shops and businesses in protest against what they describe as unfair taxation and inflated utility bills.
(more…)Karachi, August 25, 2024 – In a heated press conference held on Sunday, prominent traders associations from Karachi announced their firm stance to proceed with a shutter-down strike on August 28, 2024.
(more…)Karachi, August 12, 2024 – In a bold move signaling rising discontent among Karachi’s small business community, traders have announced a major protest against the imposition of advance income tax on retail operations.
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Karachi, September 1, 2023 – Traders in Karachi observed a citywide shutdown on Friday in a collective protest against inflated electricity bills and the relentless rise in inflation. The protest action resulted in the closure of wholesale and major markets across the city.
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