LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) on Saturday said that laws should be made for those who are not in the tax net rather than for those who are already paying their taxes.

While emphasising the need for expanding the tax base, LCCI President Kashif Anwar pointed out that his organisation had always supported efforts for broadening the tax net. However, he stressed, the government must reduce its expenditures.

“The government must review the agreements made with the IPPs and bring all sectors, including agriculture, into the tax net,” said Mr Anwar while speaking at a post-budget seminar. He also suggested that the facilities provided to the public representatives in assemblies should be discontinued.

The LCCI chief stated that they were not against imposition of taxes on exporters but opposed changing the decades-old tax regime on exports overnight. He mentioned that previously exporters were subjected to a 1 per cent final tax on turnover, which has now been included in the normal tax regime, affecting exports.

Published in Dawn, June 16th, 2024