Pakistan Business Council (PBC) expressing concern over heavy taxes on salaried class has proposed to reduce tax rates, reported 24NewsHD TV channel on Thursday.
Business Council said educated and skilled people are leaving the country due to the tax burden on the salaried class.
Pakistan Business Council raised important issues in the budget for the financial year 2025-26.
Due to high tax rates, skilled people are looking for job opportunities abroad and due to which many people have already said goodbye to the country, PBC said.
The Pakistan Business Council has drawn attention to the heavy tax on the salaried class in its budget proposal.
PBC said currently, up to 29 percent income tax is levied on salaried people while they also have to pay 10 percent super tax and 15 percent dividend tax.
It is a difficult task to prevent skilled people from going abroad due to heavy taxes, PBC said.
Those who do not get the opportunity to go abroad are preferring to go to the non-tax sector, PBC said.
The Pakistan Business Council has proposed to reduce the tax rate on the salaried class in the next fiscal year budget.
Tax rates must be reduced so that skilled people can be prevented from going abroad, PBC proposed.
The Pakistan Business Council has also recommended changes in sales tax so that the tax burden can be reduced.
Reporter: Ashraf Khan