ICCI calls for fixed tax regime for marble industry in the upcoming budget.

Islamabad -- In order to optimize the tax collection and broaden the tax base, the government should re-introduce the fixed tax regime for the marble industry on the pattern of the Tier-2 retailers from whom the sales tax is charged through electricity bills. This was stated by Muhammad Shakeel Munir, President, Islamabad Chamber of Commerce and Industry (ICCI). He said that effective from June 2016, the marble industry was paying a fixed sales tax @ Rs.1.25 on per unit of electricity consumed as a final discharge of its net sales tax liability to the extent of marble and granite manufacturing, grinding and polishing...

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