It has been proposed to abolish the turnover tax collected by provincial revenue on retail and wholesale trade effective from 1st January 2011. These make the tax system more or less progressive in effect. It reduces the complication of the tax system. Since the turnover tax system resulted to increase the price level due to cascading effect of such taxes, the President stated that the above system causes high cost to small and medium enterprises as well as the consumers and therefore proposed to remove the Provincial Council turnover tax administration.
