KARACHI

The Pak Banker - - COMPANIES/BOSS -

Pres­i­dent of the Karachi Cham­ber of Com­merce and In­dus­try (KCCI), Iftikhar Ahmed Vohra, while re­fer­ring to a se­ries of meet­ings held dur­ing the past three weeks be­tween KCCI and the de­ci­sion mak­ers in Is­lam­abad to re­solve with­hold­ing tax and other is­sues, stated that lead­er­ship of Busi­ness­men Group and KCCI Of­fice Bear­ers have been regularly vis­it­ing Is­lam­abad to dis­cuss these press­ing is­sues in or­der to come up with a fea­si­ble so­lu­tion.

In a state­ment is­sued, Pres­i­dent KCCI said that the Karachi Cham­ber has pro­posed a pack­age for re­solv­ing tax-re­lated is­sues wherein KCCI sug­gested that non-fil­ers should be asked to sub­mit their re­turns along with pay­ment of Rs20,000/- in­come tax which should be raised by 25 per­cent ev­ery year. Ac­cep­tance and im­ple­men­ta­tion of this pro­posal will re­sult in ex­emp­tion of with­hold­ing tax on bank trans­ac­tions along with three years of au­dit im­mu­nity.

He said that KCCI fur­ther asked the FBR not to carry out any In­come Tax Au­dit while the in­come tax re­turns should be ac­cepted with­out fur­ther ques­tion­ing about the busi­ness cap­i­tal and turnover to a cer­tain ex­tent while this fa­cil­ity should also be ex­tended to the ex­ist­ing taxpayers. KCCI fur­ther pro­posed to im­mune com­mer­cial im­porters from Sales Tax Au­dit as they are al­ready pay­ing 17 per­cent Gen­eral Sales Tax (GST) along with 3 per­cent sales tax on val­uead­di­tion, he added.

Iftikhar Vohra as­sured that the Karachi Cham­ber has been ac­tively rais­ing voice to­wards re­solv­ing nu­mer­ous is­sues be­ing faced by the ex­ist­ing taxpayers due to harsh tax­a­tion poli­cies.

In or­der to en­cour­age max­i­mum num­ber of peo­ple to pay their taxes and file re­turns, Pres­i­dent KCCI said that FBR must cre­ate an en­abling en­vi­ron­ment by im­prov­ing its at­ti­tude to­wards taxpayers who usu­ally face im­mense hard­ships and even ha­rass­ment which was the key rea­son for lim­ited tax base of the coun­try. Keep­ing in view the hard­ships be­ing faced by ex­ist­ing taxpayers, non-taxpayers pre­fer stay­ing away from the FBR, he added.

Iftikhar Vohra was fairly op­ti­mistic that if the gov­ern­ment gives con­sid­er­a­tion to pro­posed pack­age, it will not only help in min­i­miz­ing the prob­lems be­ing faced by taxpayers but will also im­prove FBR's rev­enue col­lec­tion.

He re­it­er­ated that FBR must im­prove its at­ti­tude and cre­ate a con­ducive en­vi­ron­ment in which taxpayers should be as­sisted and fa­cil­i­tated. He ad­vised the non-fil­ers to file their re­turns

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