Taxation

Government urged to harmonize labour taxes

The Lahore Chamber of Commerce and Industry has urged the government to harmonize/unified labour taxes to facilitate the business community. While talking to a delegation of businessmen, LCCI President Almas Hyder said that number of taxes pertaining to industries and businesses can be reduced considerably by clubbing Employees Old Age Benefit Institution (EOBI), Punjab Employees Social Security Institution (PESSI), Workers’ Profit Participation Fund (WPPF) and Workers’ Welfare Fund (WWF).

The LCCI President also suggested that the responsibility of collection of taxes should be given to the Punjab Revenue Authority (PRA). Once this initiative is materialized, it would help separate tax collection from service provision. Consequently, different departments would no need to send their inspectors for tax collection and these departments could concentrate on delivery of service.

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