Finance Minister Miftah Ismail offered certain solutions to appease small retailers after facing opposition from traders regarding the collection of taxes via electricity bills and pleas from Prime Minister Shehbaz Sharif and PML-N leader Maryam Nawaz Sharif.
“The Prime Minister also contacted me and gave me instructions to make sure that small business owners are happy with the new tax law. I’ll take care of this tomorrow,” the minister tweeted.According to the finance minister, the government will “exclude stores with invoices of less than 150 units” from the tax in order to allay the worries of small shopkeepers.
“Even shops who are not registered with the Federal Board of Revenue would be charged Rs 3,000,” (FBR).The tax will be fully and definitively paid. No tax notices would be sent to businesses, and FBR officers won’t visit their stores, the finance minister tweeted.
Ismail was reacting to a tweet from Maryam Nawaz Sharif, the leader of the Pakistan Muslim League-Nawaz (PML-N), who requested him to “withdraw tax on power bill” since businessmen were fretting and grumbling.
