• Tuesday, August 20, 2019

FBR to launch crackdown against Karachi beauty parlours

Discussion in 'Pakistan Economy' started by Wikki019, Jun 1, 2019.

  1. Wikki019

    Wikki019 FULL MEMBER

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    The Federal Board of Revenue (FBR) started a crackdown against unregistered beauty parlours in Karachi and issued notices to 500 salons, Express News reported on Saturday.

    According to sources, as part of the ongoing tax net expansion campaign in the country, a list of beauty parlours was created which could pay tax on their incomes.

    Men beauty salons booming in Pakistan: report

    “The business of beauty parlours and salons has increased remarkably in the recent years and the earnings of a large number of the parlours are also eligible to give tax now,” said sources.

    “Many such [expensive] parlours are still not under the tax net or paying a very minimal tax despite their huge earnings.”

    It is interesting to mention here that beauty parlours demand high sums from their clients for providing services during wedding seasons and for Eidul Fitr and Eidul Azha.

    Meanwhile, a majority of the parlours located in the posh areas of Karachi continue to earn a staggering sum every year.

    https://tribune.com.pk/story/1984816/1-fbr-sends-notices-500-unregistered-beauty-parlours-karachi/
     
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  2. AZADPAKISTAN2009

    AZADPAKISTAN2009 ELITE MEMBER

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    Should be simple

    a) Ask Businesses to register
    b) Rent a Debit Machine from Bank
    c) Customers should have Bank Account and Debit Card
    d) Charge for Services + Tips by Machine

    It will solve Tax evasion from all Sectors

    >Resturants
    >Grocery Chains
    >Grocery Markets

    Should be first Target

    [​IMG]
     
    Last edited: Jun 1, 2019
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  3. Yaseen1

    Yaseen1 SENIOR MEMBER

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    fbr will destroy remaining business activity left in Pakistan.There are many other respectable methods to raise taxes.New fbr chief seems to be another disaster
     
  4. AZADPAKISTAN2009

    AZADPAKISTAN2009 ELITE MEMBER

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    On the contrary when more money is collected from Businesses digitally , then better service is offered

    a) Lowered rate at Banks for accounts
    b) Cheaper rental price


    Also less chance of Theft , for cash in stores as their is no paper cash

    Businesses that have such offering are able to save more in long run
    i.e Better track of their finances , easy accounting on yearly basis
     
  5. Sidacca

    Sidacca FULL MEMBER

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    The problem of Pakistan tax net expansion of identifying the potential businesses due the cash based transactions..... It is difficult to conclude the income and expenses of a business if thier selling and purchasing are cash based hence can't be quantified for the purpose of tax
     
  6. Retired Troll

    Retired Troll ELITE MEMBER

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    systematic Exploitation by the elites man
     
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  7. Bouncer

    Bouncer FULL MEMBER

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    So paying tax will destroy a business? Do enlighten us what other "respectable" methods are you talking about?
     
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  8. Retired Troll

    Retired Troll ELITE MEMBER

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    they should ban it under luxury items

    case closed
     
  9. 313ghazi

    313ghazi SENIOR MEMBER

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    What unrespectable about this? These 500 businesses pay no tax, yet they operate. They are taking from the Haq of the common man. Where is their respect then? They had the opportunity to register to pay tax, they didn't. Now they deserve to be treated like chor.
     
  10. Retired Troll

    Retired Troll ELITE MEMBER

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    cut their hands if they are stealing
     
  11. fitpOsitive

    fitpOsitive SENIOR MEMBER

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    Is that you heard of observed? Or someone from FBR told you?
     
  12. Yaseen1

    Yaseen1 SENIOR MEMBER

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    they will simply raise cost of their services and burden will be borne by common public.Already cosmetics products and electricity is heavily taxed and govt is collecting indirect taxes from them.registration will never solve problem and many businesses currently registered are paying less taxes by showing less income in returns by collusions with tax consultancy firms in which shabar zaidi has served his whole life.Registration will only increase revenue earned by such firms in the form of bribe which they earn by manipulation
    Easy way to deal with this without need of any registration and complexity is to ask such businesses to pay 2 percent of revenue earned as a tax to govt and govt can estimate their revenue by sudden surprise cash count at end of the business day at their cash collecting sites and there is no need to register them in and ask them to file tax returns which are mostly false representation of revenue earned by business
     
  13. Retired Troll

    Retired Troll ELITE MEMBER

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    Observation.
     
  14. maithil

    maithil BANNED

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    FBR will do everything other than taxing elites.
     
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  15. Syed1.

    Syed1. SENIOR MEMBER

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    Indians should mind their own business
     
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