Simplification of tax system demanded

PESHAWAR:

Sarhad Chamber of Commerce and Industry (SCCI) acting president, Ijaz Khan Afridi urged the government and Federal Board of Revenue (FBR) to take further steps to simplify the taxation system.

Addressing an awareness seminar on ‘Tax Management System and E-filing of Returns’ jointly organised by SCCI and Regional Tax Office (RTO) Peshawar, FBR here on Friday, he called for broadening of existing tax base and bringing more people under the net instead of further burdening the taxpayers.

He viewed traders are backbone of the country’s economy so they should be facilitated, especially by simplifying the taxation system for them, which would help to achieve the set revenue collection for the fiscal year.

During the training session, Deputy Commissioner, RTO Peshawar Riaz Ahmad and IT expert Asif Ali Shah informed the participants regarding reforms in the existing taxation system that had been made by FBR, particularly bringing more ease in submission of returns through the E-filing system.

RTO officials said prosperity and development of the business community was a guarantee of economic stability. They added that the country could only run through the support of the business community, therefore, possible steps should taken to facilitate them and bring simplification in the taxation system.

Published in The Express Tribune, September 16^th, 2023.