FBR is discouraging advance tax and delay in tax refund payment: Chief Commissioner Income Tax

Chief Commissioner Corporate Regional Tax office Karachi FBR Aftab Imam has told industrialists that FBR is discouraging advance tax and delay in tax refund payments just to show larger collection while addressing to meeting in Korangi Association of Trade & Industry (KATI) here on Saturday. Patron-in-Chief of KATI SM Muneer, President Saleem-uz-Zaman, Chairman and CEO KITE Zubair Chhaya, head of KATI’s standing committee on Taxation and FBR Rashid Siddiqui, Senior Vice President Zaki Ahmed Sharif and Nighat Awan also expressed their views on the occasion.

The Chief Commissioner Aftab Imam said that business community is the backbone of our economy and it is our first priority to facilitate our taxpayers. He said that we discouraged advance tax and delay in tax refund payments and focused on tax collection. He noted that after timely release of refunds not only business activities have enhanced but it revenue collection also increased. Mr. Imam seek cooperation from business community to expend tax net.
SM Muneer said that letters regarding audit has become headache for business community and this issue should be resolved once for all. He also acknowledged that officials like Aftab Imam give us hope for reforms in tax regime. President KATI Saleem-uz-Zaman said that Karachi contributes the largest share in country’s revenue but industries still faces basic infrastructure and ease of doing business issues. He suggested that to encourage tax payers government should facilitate them.

Head of KATI’s Committee on Taxation and FBR Rashid Siddiqui said that due to efforts of Aftab Imam Revenue collection increased significantly. Zubair Chhaya was of view that division between filer and non-filer actually put more burden on taxpayers. He also expressed concern over audit notices from FBR and urged to resolve this issue. Former presidents of KATI Gulzar Firoz, Syed Johar Qandhari, Danish Khan, Zahid Saeed, Masood Naqi, Ehtesham Uddin, Syed Farukh Mazahar and others also attended the meeting.

Photo Caption: Patron-in-Chief KATI SM Muneer and President Saleem-uz-Zaman presenting shield to Chief Commissioner Corporate Regional Tax office Karachi FBR Aftab Imam. At the occasion Zubair Chhaya, Rashid Siddiqui, Zaki Sharif, Nighat Awan, Zahid Saeed, Danish Khan, Gulzar Firoz and Ehtesham Uddin are also present.

 

 

 

 

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