{"id":71458,"date":"2020-10-16T10:07:00","date_gmt":"2020-10-16T05:07:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=71458"},"modified":"2020-10-16T10:07:25","modified_gmt":"2020-10-16T05:07:25","slug":"icci-seeks-tax-relief-measures-for-small-traders","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/icci-seeks-tax-relief-measures-for-small-traders.html","title":{"rendered":"ICCI seeks tax relief measures for small traders"},"content":{"rendered":"\n<p>Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) President Sardar Yasir Ilyas Khan on Wednesday requested the Federal Board of Revenue (FBR) to introduce tax relief measures for small traders operating in the capital city, a news source reported.<\/p>\n\n\n\n<p>He expressed his views on the matter during a meeting with a delegation of the Traders Welfare Association. He stated that the coronavirus-induced lockdown had slowed down economic activity; adding that businesses were yet to recover from their financial decline.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/punjab-budget-2020-21-businesses-affected-coronavirus-relief.html\" target=\"_blank\" rel=\"noreferrer noopener\">Punjab Budget 2020-21: Businesses affected by coronavirus get relief<\/a><\/p>\n\n\n\n<p>He further said that the local business community retained its employees during the lockdown period and paid wages \u2018out of its own pocket which aggravated its problems\u2019. He sought additional relief packages for traders and requested the taxation agency to simplify tax forms, accept last year\u2019s tax returns, and review the Statutory Regulatory Orders (SROs) issued in the wake of the construction package announcement.<\/p>\n\n\n\n<p>Moreover, he said that business outlets had been strictly following all government-sanctioned standard operating procedures (SOPs), but many customers were seen to show laxity which resulted in action against shopkeepers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Islamabad Chamber of Commerce and Industry (ICCI) President Sardar Yasir Ilyas Khan on Wednesday requested the Federal Board of Revenue (FBR) to introduce tax relief measures for small traders operating in the capital city, a news source reported. He expressed his views on the matter during a meeting with a delegation of the Traders Welfare Association. He stated that the coronavirus-induced lockdown had slowed down economic activity; adding that businesses were yet to recover from their financial decline. Read: Punjab Budget 2020-21: Businesses affected by coronavirus get relief He further said that the local business community retained its employees during the lockdown period and paid wages \u2018out of its own pocket which aggravated its problems\u2019. He sought additional relief packages for traders and requested the taxation agency to simplify tax forms, accept last year\u2019s tax returns, and review the Statutory Regulatory Orders (SROs) issued in the wake of the construction package announcement. Moreover, he said that business outlets had been strictly following all government-sanctioned standard operating procedures (SOPs), but many customers were seen to show laxity which resulted in action against shopkeepers.<\/p>\n","protected":false},"author":18,"featured_media":62814,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[41539,41540,41538],"persona":[],"class_list":{"0":"post-71458","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-covid-19-impact-on-businesses","9":"tag-icci-seeks-tax-relief-measures-for-small-traders","10":"tag-tax-relief-for-shopkeepers","11":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ICCI seeks tax relief measures for small traders - Zameen News<\/title>\n<meta name=\"description\" content=\"He further said that the local business community retained its employees during the lockdown period and paid wages \u2018out of its own pocket which...\" \/>\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\/icci-seeks-tax-relief-measures-for-small-traders.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ICCI seeks tax relief measures for small traders - Zameen News\" \/>\n<meta property=\"og:description\" content=\"He further said that the local business community retained its employees during the lockdown period and paid wages \u2018out of its own pocket which...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/icci-seeks-tax-relief-measures-for-small-traders.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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