KARACHI: The government is having consultation with all leading chambers and trade bodies to take their input and suggestions for resolving the issues concerning withholding tax (WHT) on bank instruments issued by non-filers.
This was decided during a meeting of the Committee on Communication, one of the three committees constituted by the government to resolve the WHT related issues, held at FBR House on Tuesday, 4th August 2015.
The meeting was chaired by Mian Abdul Manan, MNA, while Haroon Akhtar Khan, Special Assistant to PM on Revenue, Shahid Hussain Asad, Sr. Member (Inland Revenue) Policy, FBR and Nadeem Dar, Member FATE, FBR, were also present.
The meeting mulled over various suggestions and proposals and decided to further engage the country’s chambers, trade bodies and stakeholders to listen to their concerns and apprehensions regarding the WHT.
The meeting also decided to follow an effective communication strategy to allay fears and misconceptions of the business community about the possible consequences of becoming filers.
Speaking on the occasion, Mian Abdul Manan, Convener of the Committee, said the government was aware of the problems and concerns of the business community and it was striving to take measures which would facilitate the business community and contribute towards documentation of the economy.
“Documentation of the economy is the key pillar of the economic reforms being pursued by the government, and we hope that the business community would help us in achieving this goal,” he said.