 KARACHI: The proposal for slapping a fixed tax on the shopkeepers with effect from the next fiscal year is under consideration by the government, Geo News reported. Ministry of finance sources told that the government intends to levy annual fixed tax on the retailers’ turnover and their locations. The government is mulling over imposing this tax on retailers classified as urban and rural besides on the basis of its locations in different markets in the cities, sources told. Sources further said that with the levy of license fee on retailers, the burden on the consumers would be minimum, who are already paying 17 percent sales tax on the purchase of goods. |
Posted in: Bussiness
