Atif Ikram Sheikh, President of , has urged for immediate reinstatement of Final Tax Regime (FTR) for exporters. The apex trade body highlighted in its budget proposals that withdrawal of FTR introduced operational bottlenecks and increased compliance requirements.
Sheikh stressed removal of FTR led to significant increase in documentation and tax-related uncertainty, causing audit harassment and reducing ease of doing business for exporters.
He emphasized urgent need for policy reversal to protect economic recovery. He recommended reinstating FTR as full liability to reduce severe compliance burden on businesses.
Saquib Fayyaz Magoon explained necessity for incentivization and flexibility in taxation frameworks. He proposed option for individual exporters to opt between Final Tax Regime (FTR) or Normal Tax Regime (NTR).
Abdul Mohamin Khan stated ‘s view that facilitating exporters through rationalized tax frameworks is vital for sustainable economic growth, expanding export base and improving competitiveness in international markets.