The tax authorities must urgently reconsider their existing approach to taxation and introduce a practical, transparent and investor-friendly framework. Instead of creating complicated procedures, excessive documentation and unnecessary bureaucratic bottlenecks, the tax system should facilitate investment by offering meaningful incentives, predictable policies, reasonable tax rates and simplified compliance mechanisms. Equally important is the need to simplify income tax return forms, which are often difficult for ordinary taxpayers to understand and compel them to depend on tax consultants even for routine matters.
Mumraiz Khan
Karachi
