ISLAMABAD
\nThe Islamabad Chamber of Commerce & Industry (ICCI) has proposed that the FBR should take traders and market associations on board before setting up point of sale (POS) devices in the business premises to broaden the tax base. In a statement on Monday, ICCI President Sardar Yasir Ilyas Khan said that instead of a POS system, the government should focus on a self-assessment scheme that would give them more confidence and they will be more willing to pay tax at their own discretion.
\nHe said that in the prevailing circumstances, the self-assessment scheme would be very helpful and successful in improving the tax collection of the country. Yasir said that the traders have been fully cooperating with the government in the corona vaccination drive and they should be engaged in talks for POS installation instead of sending FBR\u2019s monitoring teams to monitor their sale at business premises because it would not send a positive signal to the trading community.
\nHe said that previously the FBR was providing the POS devices for installation at business premises and the same arrangement should be continued instead of asking traders to arrange the devices at their own cost.
\nYasir further said that the traders are playing an important role in boosting the business and economic activities in the country and they should be treated with respect and regard. He said that the government should make all possible efforts to avoid taking any measures that may create a sense of harassment in the business community.
\nHe said that FBR should withdraw all monitoring teams from business premises and increase the use of technology to minimise the interface between the taxpayers and the tax collectors that would give more confidence to the business community.
\nThe ICCI president emphasised that the government should take measures to facilitate the business community in promoting the business activities that would ultimately lead to fast recovery of the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD The Islamabad Chamber of Commerce & Industry (ICCI) has proposed that the FBR should take traders and market associations on board before setting up point of sale (POS) devices in the business premises to broaden the tax base. In a statement on Monday, ICCI President Sardar Yasir Ilyas Khan said that instead of a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-207542","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n