KARACHI: Karachi Chamber of Commerce & Industry (KCCI) has prepared budget proposals for budget 2015-16 in consultation with a broad cross-section of tax-payers including manufacturers, wholesalers, trading houses, retailers, tax consultants and tax bar associations, so as to ensure that a broad spectrum of sectors and industries are represented.
The major guiding principles are separation of Policy making process/Tax legislation from the Enforcement and Administration, Curtailment of Discretionary Powers, Minimize personal contact between tax payer and IR officers particularly the field formations, Simplification of Laws, Procedures, Discharge of Tax Liability and facilitation of the tax-payer in compliance and broadening of Tax base.
The tax proposals of the KCCI are precisely aimed at bringing the tax regime in line with economic goals of the nation and ensure a higher rate of growth for which this country has immense potential KCCI added.
