{"id":51108,"date":"2019-04-08T10:00:55","date_gmt":"2019-04-08T05:00:55","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=51108"},"modified":"2019-04-08T17:06:52","modified_gmt":"2019-04-08T12:06:52","slug":"rcci-submits-budget-2019-20-proposals-to-fbr","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rcci-submits-budget-2019-20-proposals-to-fbr.html","title":{"rendered":"RCCI submits budget 2019-20 proposals to FBR"},"content":{"rendered":"<p>Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has submitted a set of proposals to the Federal Board of Revenue (FBR) for possible inclusion in the upcoming federal budget, a news source.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/lcci-offers-budget-recommendations.html\">LCCI offers budget recommendations<\/a><\/p>\n<p>RCCI President Malik Shahid Saleem said the chamber has suggested measures which would help increase economic activity as well as widen the tax net.<\/p>\n<p>The proposals comprise three categories: income tax, sales tax and custom duties. Furthermore, the chamber has stressed the need to document those sectors that do fall under the tax net.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/govt-to-launch-survey-for-next-budget.html\">KP govt to launch survey for next budget<\/a><\/p>\n<p>With respect to income tax, RCCI has suggested broadening of the tax base. To facilitate this measure, it said, discretionary powers of inland department should be restricted.<\/p>\n<p>Moreover, the government should introduce measures to incentivise exports, make relaxations to the cost of doing business, and improve the regulatory regime to facilitate exporters.<\/p>\n<p><strong>Read<\/strong>:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/punjab-budget-announcement-likely-in-third-week-of-may.html\">Punjab budget announcement likely in third week of May<\/a><\/p>\n<p>The chamber has also suggested exempting businesses from tax and audit during the first three years; up-gradation of Active Taxpayers List (ATL) on a weekly or monthly basis, and introducing policies that would make it mandatory for individuals to acquire NTN number or chamber membership prior to starting a new business.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has submitted a set of proposals to the Federal Board of Revenue (FBR) for possible inclusion in the upcoming federal budget, a news source. Read:\u00a0LCCI offers budget recommendations RCCI President Malik Shahid Saleem said the chamber has suggested measures which would help increase economic activity as well as widen the tax net. The proposals comprise three categories: income tax, sales tax and custom duties. Furthermore, the chamber has stressed the need to document those sectors that do fall under the tax net. Read:\u00a0KP govt to launch survey for next budget With respect to income tax, RCCI has suggested broadening of the tax base. To facilitate this measure, it said, discretionary powers of inland department should be restricted. Moreover, the government should introduce measures to incentivise exports, make relaxations to the cost of doing business, and improve the regulatory regime to facilitate exporters. Read:\u00a0Punjab budget announcement likely in third week of May The chamber has also suggested exempting businesses from tax and audit during the first three years; up-gradation of Active Taxpayers List (ATL) on a weekly or monthly basis, and introducing policies that would make it mandatory for individuals to acquire&hellip;<\/p>\n","protected":false},"author":67,"featured_media":45597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[11215],"persona":[],"class_list":{"0":"post-51108","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-rcci-submits-budget-2019-20-proposals-to-fbr"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RCCI submits budget 2019-20 proposals to FBR - Zameen News<\/title>\n<meta name=\"description\" content=\"Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has submitted a set of proposals to the Federal Board of Revenue (FBR) for possible\" \/>\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\/rcci-submits-budget-2019-20-proposals-to-fbr.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RCCI submits budget 2019-20 proposals to FBR - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Rawalpindi: The Rawalpindi Chamber of Commerce and Industry (RCCI) has submitted a set of proposals to the Federal Board of Revenue (FBR) for possible\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rcci-submits-budget-2019-20-proposals-to-fbr.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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