Chainstore Association of Pakistan urges tax reforms in retail sector for economic growth and compliance.
The Chainstore Association of Pakistan (CAP) calls for urgent tax reforms in the retail sector to boost economic growth and ensure tax compliance. Representing over 200 tax-compliant Tier-1 retailers, the CAP proposes restoring the 12% GST rate, reviving the POS Prize Scheme, simplifying Tajir Dost Scheme, and implementing a fixed 3% sales tax on digital transactions to stimulate retail growth, integrate Tier-1 Retailers, and promote compliance.
June 04, 2024
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