Summary Reservations of wholesalers and retailers must be taken into account, Shahid Rasheed Butt said.
ISLAMABAD (APP) - Islamabad Chamber of Small Traders Sunday said withholding tax on bank transaction should be abolished or reduced in the upcoming budget for the fiscal year 2017-18.
“Authorities should consider abolishing the WHT on bank transactions or reduce it to acceptable limits,” Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt in a statement issued here.
He said that determination of Finance Minister Ishaq Dar on the issue of WHT was laudable but some reservations of wholesalers and retailers must be taken into account, adding that banks were also facing severe liquidity problems after imposition of WHT which call for some steps.
He was of the view that government should prefer imposing direct taxes and improve export and investment situation.
