Retail sector advocates sustainable tax policies

The plea was compelling enough that it not only won the consensus of all senators but also left the Federal Board of Revenue (FBR) representatives without a substantive counterargument. PRBC highlighted a critical flaw in the current tax structure as only 5% of the retail sector was registered and compliant while a staggering 95% remained outside the tax net, contributing nothing to the treasury. This disparity paints a grim picture of an overburdened compliant sector that already shoulders nearly 57% in various taxes and contributions, including a 29% income tax, 10% super tax, 15% dividend tax, Workers’ Welfare Fund, Workers’ Profit Participation Fund and more.