FBR asked to address reservations of traders on POS installation


Islamabad Chamber of Commerce & Industry (ICCI) President Muhammad Shakeel Munir said that the traders have many reservations on the installation of Point of Sale (POS) in retail outlets.
He stressed that FBR should first address all their reservations before going ahead with this initiative.
Shakeel Munir said this while addressing a delegation of traders of Jinnah Super Market, Islamabad on Saturday.
He said that the government has made many amendments in tax laws through Third Amendment Ordinance that would increase the problems of business community.
Munir said that it has been made mandatory for companies to make digital payment of expenditures beyond a certain limit instead of cross cheque that could create problems in running business activities.
He said that FBR has been empowered to issue instructions to utility companies for disconnection of electricity, gas connections and mobile SIMS for recovery of tax dues, which has created lot of concerns in the taxpayers.
Munir said that NADRA has also been empowered to share data of taxpayers with FBR that has raised concerns about the privacy of their data. He said that to save the business community from unnecessary problems, these amendments should be reconsidered. He assured the delegation members that ICCI would make all possible efforts for redress of their key issues.
Founder Group Chairman Mian Akram Faridsaid that business community was facing multiple problems due to the Covid-19 pandemic and instead of providing them relief, the government was taking harsh tax measures.
He urged that the government should reduce tax rates and broaden tax base to improve tax revenue. He further emphasized that the government should simplify the current complicated tax system in a way that it should facilitate the growth of business activities.
Jamshaid Akhtar Sheikh Senior Vice President, Faheem Khan Vice President ICCI and delegation members said that the government should introduce a fixed tax regime for small traders that would address their tax issues and help in improving the tax revenue of the country.