Overseas Investors Chamber of Commerce & Industry

The government introduced a 'small trader scheme' offering a 1% voluntary turnover tax for retailers with annual sales up to Rs200 million, criticized as a political compromise that avoids documentation requirements like audits and digital invoicing. Critics argue it entrenches cash-based practices and widens the tax base distortion, as the corporate sector contributes disproportionately to tax revenues despite representing only 6% of GDP.