STAFF REPORT ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested measures to the government for generating Rs120 billion by imposing a fixed tax on cellular phone connections.
According to the FPCCI Budget Proposals 2011/12 document, the chamber has said that there are an estimated 100 million cellular phone connections in the country and the government can levy Rs100 per phone on monthly basis.
“The measure will yield Rs10 billion revenue per month or Rs120 billion per annum,” it said. “The revenue should be diverted to the Benazir Income Support Fund,” it added. In other proposals, the FPCCI demanded withdrawal of 17 percent sales tax levied on March 15.
The FPCCI proposals do not mention the tax on agriculture income, but suggested the authorities that wherever income is generated it should be taxed with political will. “The tax base should be broadened and wherever the income is generated, it should be taxed indiscriminately,” according to the proposals.
The FPCCI has proposed that unregistered retailers should be subject to 13-14 percent sales tax so that they may get themselves registered.
The retailers, however, should be given immunity from the tax audit for eight years that includes last five years and next three years. “After three years there will be no audit if the company shows increase in its revenue,” it suggested.
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