A Joint FBR-Business Community Committee Formed For Better Understanding and Better Implementation Of SRO-608)

Oct. 14, 2014

A delegation of All Pakistan Anjuman-e-Tajran met the Chairman FBR here today on 14-10-2014 at FBR House, Islamabad. Mian Abdul Mannan, MNA, Mr. Pervez Malik, MNA, Mr.Muhammad Ajmal Baloch, President All Pakistan Anjuman-e-Tajran, Mr. Naeem Ahmad Mir, General Secretary, Mr. Zafar Iqbal Siddiqui, Chairman Tax Reforms Committee, Mr. Zahid Hameed, Mr. Faisal Mandokhel (Baluchistan) and Mr. Shahid Ghafoor Piracha, President Rawalpindi Anjuman-e-Tajran were also present in the meeting. The following issues came under discussion: (i) SRO 608 regarding two tiers of compulsory Sales Tax Registration for Retailers, (ii) Penalty on late filing of WHT Statements and (iii) New Income Tax Return Form for Tax Year 2014. The delegation assured the Chairman that the business community realizes the importance of collection of revenue for the social sector development and would continue contributing its due share in the government exchequer. However, they are facing some difficulties in understanding and implementation of the SRO 608. It was decided to form a committee comprising representatives from FBR and business community for better understanding and effective implementation of SRO 608. It was also decided to form advisory committees for all the RTOs for having liaison between FBR and business community at RTO levels. Shahid Hussain Asad Member (Inland Revenue Policy)