I don't know which country you live in. But in Pakistan, savings of a person is not taxed. In this example only 'income' from the business operation is taxed. If income is below the tax threshold, then it is tax exempt.Stop tricking the poor into forking out their savings.
He is just burdening the system, most probably he will not file tax in future or file zero tax.Source
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In a country where most small-scale businesses operate without registering with the Federal Board of Revenue (FBR), a vendor from Karachi has become an example for everyone after it came to light that his street-side business is registered with the FBR.
According to details, Shahid Babel sells fried fish in the streets of Karachi and regularly files his income tax. Not just this, he has also displayed the NTN on his kiosk to encourage others to file their tax returns.
While speaking with a media outlet, Shahid said that it makes him proud that his small business is contributing to the national economy in a positive way.
Sadly, the tax compliance rate in Pakistan, by and large, remains a non-existent affair to date.
In September, FBR revealed in its official tax report that only 2.63 million individuals had submitted their tax returns during FY 2017-18. Of those, 1.23 million were salaried and 1.4 million were non-salaried individuals.
In order to foster a culture of tax compliance in the country, FBR, in September, had signed a special Letter of Understanding (LoU) with the Federal Directorate of Education (FDE).
Under the LoU, students in the FDE administered schools and colleges will be imparted lessons regarding tax compliant culture to increase tax awareness in the younger generation from an early age.
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Are Pakistanis the true libertarians? Do they expect to get the benefits of taxes without paying the tax themself? I hope this man is given some reward for his actions and it promotes other businesses to do the same. Perhaps some kind of lottery system for businesses or "quality lottery" where the specific restaurant (or any small business) is promoted by the government on tourism platforms for their popularity and registration?
(That fish looks tasty though)
Good comment bro, it's people like Yourself that gives me hope for this nation*, this selfish man willing to contribute to the national exchequer with his minimal income, whilst we have Your abscondering motu saint clearing our the national coffers living high in parklane, bringing the state to the brink of destruction on his way out, yet You have the nerve to question the intentions of this patriotic man.. and to top this off You took Your time formating that filthy response by highlighting it in bold and a bigger font, You sir are truly despicable.. You Patwaris are truly an abomination to the mere Idea of Pakistan..He is just burdening the system, most probably he will not file tax in future or file zero tax.
I myself pays more tax than your dumb PM, one third of registered NTN holders files tax returns and one fourth of them actually pay any tax. This is just a publicity stunt nothing else.Good comment bro, it's people like Yourself that gives me hope for this nation*, this selfish man willing to contribute to the national exchequer with his minimal income, whilst we have Your abscondering motu saint clearing our the national coffers living high in parklane, bringing the state to the brink of destruction on his way out, yet You have the nerve to question the intentions of this patriotic man.. and to top this off You took Your time formating that filthy response by highlighting it in bold and a bigger font, You sir are truly despicable.. You Patwaris are truly an abomination to the mere Idea of Pakistan..
I myself pays more tax than your dumb PM
Great idea shoot yourself in the foot too, the money you save from not paying taxes can be used to plug the wound.Karachi ppl should not be giving any taxes, they should be doing the opp to exhibit the govt maltreatment towards the city.
regards
Karachi shot itself in the foot, when it discarded its own party which spoke for its rights under influence of establishment to vote for a federal party.Great idea shoot yourself in the foot too, the money you save from not paying taxes can be used to plug the wound.
who exactly is "its own party"?Karachi shot itself in the foot, when it discarded its own party which spoke for its rights under influence of establishment to vote for a federal party.
have you heard the term ''no taxation without representation?, how did your own country mates react to boston tea party?
regards
That's just raw fish slathered with marinade, what tasty ?(That fish looks tasty though)
As I've said before...That's just raw fish slathered with marinade, what tasty ?
Good on him for filing his taxes though, way too few in apparently the whole subcontinent pay proper income tax. Damn commies/leftists in India always argue that the 30 rupees tax on a box of cigarettes or a 15 rupee tax on a cup of coffee or the 50 paisa tax on a candy is the same thing.![]()
But please do share some more info on how much taxes you pay in India so some of these billionaire Pakistanis can see what the situation is in India.Sometimes you can just tell food will taste good just by how its prepared.