Govt withdraws fixed tax on small traders’ electricity bill for 1 year
The federal government has decided to withdraw the fixed tax regime on electricity bills for small traders who can benefit from this for a period of one year.
The development comes after successful negotiations between government team and traders. Federal Minister for Finance and Revenue Miftah Ismail and Federal Minister for Power Khurram Dastgir Khan hold talks with the business community.
Taking to Twitter, The Ministry of Finance said that the collection of fixed tax regime on electricity bills withdrawn on the demand of traders’ for this fiscal year 2022-23.
“As per all trader bodies demands and instructions from leadership, [Power Minister] Khurrum Dastagir Khan and I sat today and we have deiced that fixed tax regime has been withdrawn for this year,” said the finance minister in a video statement posted on his ministry’s Twitter account.
Dastagir said that the system, which was being used in the last fiscal year 2021-22, will remain in place for the next three months, adding that they will sit again with the representative bodies of traders to see if it can be improved.
In this regard, the president of All Pakistan Anjuman Tajran, Ajmal Baloch announced that, the negotiations between the delegations of traders with Finance Minister Miftah Ismail successfully accomplished.
Earlier, traders across the country have staged protests and refused to pay the tax. Last month, the All Pakistan Anjuman Tajran and Traders Action Committee Islamabad rejected fixed sales tax on electricity bills and demanded its withdrawal.