• Home
  • E-Paper
  • Archive
  • Contact us
  • Daily Pakistan
Monday, March 8, 2021
  • Login
No Result
View All Result
Daily The Patriot
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper
No Result
View All Result
Daily The Patriot
No Result
View All Result
Home City

ICCI strongly protest against coercive measures of FBR

by Daily Patriot
October 22, 2014
in City
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

ISLAMABAD (DNA) : The business community of the federal capital has strongly protested against the coercive measures of Federal Board of Revenue for installing devices at business premises to monitor sales and called upon the Finance Minister Muhammad Ishaq Dar to stop the department from such moves as it would create lot of harassment in business community and would create more distrust between the taxpayers and the tax authority.

In an urgent meeting at Islamabad Chamber of Commerce & Industry, they expressed great concerns on FBR move to install computer chips at the sales counters, especially of restaurants and bakers to monitor sales and termed it a highly undesirable initiative as it would force the businessmen to strongly agitate against the government.

Addressing the meeting, Muzzamil Hussain Sabri, President, Islamabad Chamber of Commerce & Industry said that business community wanted to strengthen the economy by expanding tax net and stressed that government should avoid taking any coercive measures as they would retard the growth of business activities instead of bringing any benefits to the economy.

He said ICCI has always been calling for confidence building measures on the part of government to remove trust deficit between taxpayers and tax collectors. However, instead of taking positive initiatives, FBR was resorting to measures that would increase trust deficit between businessmen and the government.

Traders also showed reservations on SRO-608 which was issued without taking them into confidence and called for its withdrawal as the new criteria for sales tax collection under said SRO was creating troubles for them. They said unrealistic sales tax notices have added to their problems because they have confusions over the formula of imposing the tax.

ICCI President said that before taking any new step or issue new SRO, FBR should take business community and chambers of commerce into confidence as decisions taken with consensus prove beneficial while arbitrary decisions always lead to unproductive results for the economy. He stressed upon the government to take business leaders on board to discuss these important issues and till that time postpone the implementation of SRO 608 so that reservations of businessmen could be addressed.

Daily Patriot

Daily Patriot

Next Post

Don’t succumb to any pressure, bring matter in my notice: Nisar

Latest News

CAA to allow new airlines to begin international operations
Top Stories

CAA to allow new airlines to begin international operations

by Daily Patriot
March 8, 2021
0

KARACHI: The Civil Aviation Authority (PCAA) has decided to help new airlines under an aviation policy start international operations after completing...

Read more
Thousands of women join Indian farmers’ protests against new laws

Thousands of women join Indian farmers’ protests against new laws

March 8, 2021
China Improves One-stop Service Mechanisms For Dispute Solving, Litigation

China Improves One-stop Service Mechanisms For Dispute Solving, Litigation

March 8, 2021
Yemen’s Houthis attack Saudi oil heartland with drones, missiles

Yemen’s Houthis attack Saudi oil heartland with drones, missiles

March 8, 2021
Pakistan’s Capital Market ring the Bell for Gender Equality

Pakistan’s Capital Market ring the Bell for Gender Equality

March 8, 2021
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper

© 2020 DAILY PATRIOT - Powered By SmartX DigitalSMARTX DIGITAL.

No Result
View All Result
  • Home
  • Top Stories
  • National
  • City
  • World
  • Sports
  • Technology
  • Editorial
  • Opinion
  • E-Paper

© 2020 DAILY PATRIOT - Powered By SmartX DigitalSMARTX DIGITAL.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version