Staff Reporter
Islamabad
President, ICCI Muhammad Ahmed Waheed has called upon the government to cut high taxes on rental income to 10 percent in the forthcoming budget that would facilitate the growth of business activities and improve tax revenue of the government as well.
He said that up to 35% tax on rental income has increased rents of offices manifold due to which many companies were facing great problems. Due to the coronavirus issue and lockdown, many business companies were facing severe difficulties in paying their rents, he added. In a statement issued here, Muhammad Ahmed Waheed said that with the imposition of 35% tax on rental income, Islamabad has also become a very expensive city.
