FBR to launch crackdown against Karachi beauty parlours

[Cent4]

it is not about daily checking cash, if govt carryout cash count at a random day of multiple businesses of same nature it can get idea about their avg earning each month and they can charge tax on estimated earnings and tally it with details provided by business

Unnecessary workload. Not every day is same in terms of business. Accountants have ways of checking this without doing daily cash up

Because that's what economics is. If businesses leave they will take their jobs with them. Another country will be enriched instead.

Its not that easy. You can not just close shop in one country and open in another. There are lot of barriers to entry.
There are other ways to attract business to our country and giving tax breaks is not one of them.
Filing tax returns is a duty that everyone should take seriously and stop making excuses for that.

 

[Yaseen1]

Unnecessary workload. Not every day is same in terms of business. Accountants have ways of checking this without doing daily cash up


Its not that easy. You can not just close shop in one country and open in another. There are lot of barriers to entry.
There are other ways to attract business to our country and giving tax breaks is not one of them.
Filing tax returns is a duty that everyone should take seriously and stop making excuses for that.

I agree there are other methods but they will require govt expenses like govt will promote customers of business to provide information regarding their buying of good and services from businesses and inreturn govt will give incentives to them for provision of this information .
Cash count if done at beginning ,mid and end of month can give information about avg income and can be done on seasonal basis involving normal season and some festivals seasons .It will cause burden but risk of error is low by using cash counts

 

[Cent4]

I agree there are other methods but they will require govt expenses like govt will promote customers of business to provide information regarding their buying of good and services from businesses and inreturn govt will give incentives to them for provision of this information .
Cash count if done at beginning ,mid and end of month can give information about avg income and can be done on seasonal basis involving normal season and some festivals seasons .It will cause burden but risk of error is low by using cash counts

Firstly it’s the revenue/ income tax department responsibility to do revenue audits. Secondly they don’t need to promote customer to provide information that will be prohibitive and expensive. Thirdly different businesses generate different revenue on weekdays, weekends and seasons / occasions.

One way this could be done is to encourage business to record every business to business transaction. This means an estimate of the revenue can be made from business purchases by applying the industry standard markup.

 

[Yaseen1]

Firstly it’s the revenue/ income tax department responsibility to do revenue audits. Secondly they don’t need to promote customer to provide information that will be prohibitive and expensive. Thirdly different businesses generate different revenue on weekdays, weekends and seasons / occasions.

One way this could be done is to encourage business to record every business to business transaction. This means an estimate of the revenue can be made from business purchases by applying the industry standard markup.

For service industry it is difficult to calculate revenue based on purchases of businesses

 

[Cent4]

For service industry it is difficult to calculate revenue based on purchases of businesses

Depends on the service business. There are ways to calculate that as well.

 

[Abdussamad]

Its not that easy. You can not just close shop in one country and open in another. There are lot of barriers to entry.
There are other ways to attract business to our country and giving tax breaks is not one of them.
Filing tax returns is a duty that everyone should take seriously and stop making excuses for that.

They can close up shop and invest in real estate or the stock market. Why bother with a shop when there are other avenues for profit making?

I'm not saying everyone will do this but when you start harassing people then a lot of them will reevaluate whether it is worth doing business at all. Some will shift their investment to other things. Some will shift it abroad. Some will cash out and get a job with someone else. These are private sector operations. You can't force them like you can with public sector ones. This is not the military!

 

[Zibago]

Khwateen ka beghair makeup ehtejaji dharna
250 mard asli shakelin dekhney key baad behosh
@Moonlight @Mr.Meap @RealNapster

 

[Cent4]

They can close up shop and invest in real estate or the stock market. Why bother with a shop when there are other avenues for profit making?

I'm not saying everyone will do this but when you start harassing people then a lot of them will reevaluate whether it is worth doing business at all. Some will shift their investment to other things. Some will shift it abroad. Some will cash out and get a job with someone else. These are private sector operations. You can't force them like you can with public sector ones. This is not the military!

It’s not harassment when asking to pay for nominal tax (as compared to the rest of the world). Everyone needs to start paying up thier due share as determined by Govt.

 

[Wa Muhammada]

systematic Exploitation by the elites man

Where did you disappear?