{"id":100768,"date":"2024-12-04T15:52:10","date_gmt":"2024-12-04T10:52:10","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100768"},"modified":"2024-12-04T15:52:14","modified_gmt":"2024-12-04T10:52:14","slug":"wholesale-retail-sectors-inclusion-in-tax-net","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/wholesale-retail-sectors-inclusion-in-tax-net.html","title":{"rendered":"FM calls for wholesale &amp; retail sectors\u2019 inclusion in tax net"},"content":{"rendered":"\n<p>Islamabad: Finance Minister Muhammad Aurangzeb on Tuesday underscored the importance of bringing the wholesale and retail sectors into the formal tax net, assuring small traders of full facilitation in the process.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Speaking during a meeting with trade representatives at the Finance Ministry, the minister emphasized that effective governance requires all sectors to contribute their fair share in taxes. He reiterated the government&#8217;s commitment to implementing tax reforms and integrating businesses into the formal tax network to strengthen the economy.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/tax-relief-for-overseas-pakistanis-by-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR eases tax burden on property transactions for expatriates<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The meeting was attended by Federal Minister Rana Sanaullah, State Minister Ali Pervez, and Federal Board of Revenue (FBR) Chairman Rashid Langrial. Naeem Mir, Chairman of the Supreme Council All Pakistan Traders Association, joined via video link from Lahore.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>During the discussion, Naeem Mir commended the FBR\u2019s modern approach to tackling tax evasion through the use of data analytics and Artificial Intelligence. He highlighted how these initiatives align with Prime Minister Shehbaz Sharif\u2019s vision for digitalizing tax operations, representing a shift away from traditional methods.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Aurangzeb also confirmed the government\u2019s plan to initiate agricultural tax collection starting July, further expanding the tax net to previously untapped areas.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-epayment-2-0-on-iris.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR launches ePayment 2.0 on IRIS for simplified tax compliance<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>Trade representatives at the meeting expressed their support for the government\u2019s efforts, pledging to cooperate in expanding the tax network. They acknowledged the need for formalizing their sectors and welcomed the FBR\u2019s innovative strategies to achieve this goal.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The Finance Minister assured traders that the government is committed to addressing their concerns and ensuring a smooth transition for businesses entering the formal tax system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Finance Minister Muhammad Aurangzeb on Tuesday underscored the importance of bringing the wholesale and retail sectors into the formal tax net, assuring small traders of full facilitation in the process. Speaking during a meeting with trade representatives at the Finance Ministry, the minister emphasized that effective governance requires all sectors to contribute their fair share in taxes. He reiterated the government&#8217;s commitment to implementing tax reforms and integrating businesses into the formal tax network to strengthen the economy. Read: FBR eases tax burden on property transactions for expatriates The meeting was attended by Federal Minister Rana Sanaullah, State Minister Ali Pervez, and Federal Board of Revenue (FBR) Chairman Rashid Langrial. Naeem Mir, Chairman of the Supreme Council All Pakistan Traders Association, joined via video link from Lahore. During the discussion, Naeem Mir commended the FBR\u2019s modern approach to tackling tax evasion through the use of data analytics and Artificial Intelligence. He highlighted how these initiatives align with Prime Minister Shehbaz Sharif\u2019s vision for digitalizing tax operations, representing a shift away from traditional methods. Aurangzeb also confirmed the government\u2019s plan to initiate agricultural tax collection starting July, further expanding the tax net to previously untapped areas. Read: FBR launches ePayment&hellip;<\/p>\n","protected":false},"author":18,"featured_media":99068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[60647,61069,61065,61067,61064,61072,3362,3293,61070,34475,61063,61066,2036,58217,1109,61068,61062],"persona":[],"class_list":{"0":"post-100768","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-agricultural-tax","9":"tag-artificial-intelligence","10":"tag-business-integration","11":"tag-data-analytics","12":"tag-digital-tax-operations","13":"tag-economic-governance","14":"tag-fbr","15":"tag-finance-minister","16":"tag-formal-tax-net","17":"tag-pakistan-economy","18":"tag-retail-sector","19":"tag-small-traders","20":"tag-tax-evasion","21":"tag-tax-policy","22":"tag-tax-reforms","23":"tag-trade-representatives","24":"tag-wholesale-sector","25":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wholesale, retail sectors\u2019 inclusion in tax net - Zameen News<\/title>\n<meta name=\"description\" content=\"Naeem Mir commended the FBR\u2019s modern approach to tackling tax evasion through the use of data analytics and Artificial Intelligence...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/wholesale-retail-sectors-inclusion-in-tax-net.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wholesale, retail sectors\u2019 inclusion in tax net - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Naeem Mir commended the FBR\u2019s modern approach to tackling tax evasion through the use of data analytics and Artificial Intelligence...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/wholesale-retail-sectors-inclusion-in-tax-net.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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