FBR urged to con­sult busi­ness com­mu­nity

The Pak Banker - - NATIONAL -

Pak­istan In­dus­trial and Traders As­so­ci­a­tions Front (PIAF) Tues­day de­manded of the Fed­eral Board of Rev­enue (FBR) to re­vamp and mod­ern­ize its tax dis­pute res­o­lu­tion mech­a­nism in con­sul­ta­tion with busi­ness com­mu­nity.

Talk­ing to me­dia here, the PIAF Chair­man Ir­fan Iqbal Sheikh wel­comed the FBR's ini­tia­tive of seek­ing pro­pos­als from busi­ness com­mu­nity. He was of the view that short­com­ings and la­cu­nas in tax col­lec­tion sys­tem could be rec­ti­fied but only with the sup­port and con­sul­ta­tion of the pri­vate sec­tor.

The Pak­istan In­dus­trial and Traders As­so­ci­a­tions Front Chair­man com­plained that in­dus­tri­al­ists and traders were left with no other op­tion but to con­tact the court of law for set­tle­ment of their tax dis­putes with the FBR, adding that this prac­tice also waste their trad­ing time as they could not fo­cus on their busi­nesses and pro­duc­tions.

He urged the Board to ef­fec­tive mea­sures for has­sle-free set­tle­ment of dis­putes of the tax pay­ers. Ir­fan Iqbal Sheikh claimed that pri­vate sec­tor was play­ing an ac­tive role to cre­ate eases for the busi­ness do­ing peo­ple as well as ex­pe­dit­ing the eco­nomic growth rate of the coun­try.

The PIAF Chair­man also called upon the busi­ness com­mu­nity to must give their in­put to the FBR re­gard­ing Gen­eral Sales Tax, Fed­eral Ex­cise Duty, Prop­erty Tax, SRO 608 and all re­lated is­sues so as to im­prove the tax col­lec­tion sys­tem.

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