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Traders want tax exemption for Khyber Pakhtunkhwa

Traders want tax exemption for Khyber Pakhtunkhwa

PESHAWAR: Markazi Tanzeem Tajran’s (MTT) Khyber Pakhtunkhwa chapter has demanded the federal government to announce tax exemptions for the business community of the province due to the adverse effects of war on terror.

According to a press release, the MTT has asked the federal government to restore the facility of fax refund that was introduced by the previous federal government.

MTT Khyber Pakhtunkhwa President Haji Haleem Jan said that the previous federal government had declared Khyber Pakhtunkhwa a war-affected province. He said businessmen of this war-torn province were exempted from taxes to help them out in countering the adverse effects of war on terror on businesses in Khyber Pakhtunkhwa. He said the Pakistan Muslim League-N should also declare the province a war-affected area and extend tax exemptions to help businesses.

He said the Federal Board of Revenue should be directed to process the cases of all those businessmen who had applied for tax refund under the previous tax exemption scheme and their claims remained to be cleared. He said while the businessmen had already passed on the discount to customers by depreciating the prices of their products, their tax refund claims had been pending since long to the business community’s disadvantage.