Mian Nasser Hyatt Maggo urges to establish FBR’s help-desk at FPCCI Head Office

Karachi (PR): Mian Nasser Hyatt Maggo President FPCCI thanked Dr. Muhammad Ashfaq Ahmad Member Inland Revenue (Operations) and his team including Dr. Afta Imam, Chief Corporate Tax Office, Hameed Memon Chief Medium Tax Officer, Nazeer Shoro Chief RTO 1and Badar Uddin Qureshi Chief Large Tax Office for their presence at FPCCI Head Office. This meeting held to discuss Tax related matters and Issues faced by the Business Community.

Mian Nasser Hyatt Maggo President FPCCI highlighted the concerns of being not consulted and not taken on board despite the main stakeholder in revenue generations. He suggested the Member Inland Revenue and his team for a facilitation desk of FBR at FPCCI Head Office for proper coordination of FBR and Business community. The complexity of tax on tax, additional tax, and advance tax is creating confusion and a difficult and lengthy process. All the basic exemptions are available for the large enterprises, SMEs should be facilitated to bring them in the tax net. Our members have many questions and all relevant problems should be revisited in consultation with FPCCI.

Dr. Muhammad Ashfaq Ahmad Member Inland Revenue stated that we have achieved a record of tax collection by increasing the number of taxpayers this year. FBR this year adopted the policy not to extend the last date of payment of taxes in piece meal rather than the date of filing of returns was extended to a considerable period of 90 days i.e. from September, 2020 to December, 2020. He expects that a number of filers may touch the figure of 3 million by the end of this year. FBR is also working on merging all the taxes in one tax with simplification of procedures. He regarded trade bodies as relevant citizens to help in policy making process. The rate and procedure of collection of taxes is decided by the parliament and they have no authority to change it without the consent of the parliament but they can recommend the parliament to modify the procedures for which he has already taken notes from the feedback received in today’s meeting. Regarding the issue of tea association he informed that 12th Schedule is a reality, however, FBR Anomalies Committee has been constituted to settle the issues. On the question raised on issue of exemption certificates he shared that the grievances of trade are there and he is personally working on it improve the procedures.

Adeel Siddiqui, Vice President FPCCI presented the vote of thanks and highlighted the importance of FBR and Business community relationship, the meeting was concluded with the presentation of FPCCI shield to the Member Inland-revenue Dr. Muhammad Ashfaq Ahmed by Mian Nasser Hyatt Maggo President FPCCI.

Meeting was attended by Muhammad Hanif Lakhani, Athar Sultan Chawala, Nasir Khan, Adeel Siddiqui Vice Presidents Engr M A Jabbar, Khurram Saeed former vice presidents, representatives of various chambers and associations, EC and General Body members, and a large number prominent businessmen.

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