Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has voiced serious concerns over the FBR increasing compliance demands, warning that the current approach risks repeating last year\u2019s revenue shortfalls. Speaking at a post-budget meeting with PCDMA members, Valimuhammad criticized the FBR for introducing untested compliance measures without consulting the business community. \u201cThe FBR is rolling out new requirements every week, yet taxpayers continue to struggle with filing accurate sales tax returns for March and April 2025,\u201d he said.
\nThe chairman specifically highlighted the newly proposed e-invoicing and e-filing systems in the 2025-26 budget, arguing that these measures were imposed without stakeholder input or consideration for businesses already grappling with years of low growth. \u201cInstead of adding more monthly compliance burdens, the FBR should first resolve existing filing challenges,\u201d he urged.<\/p>\n
PCDMA members also voiced frustration over the expanded discretionary powers granted to FBR officials without safeguards. \u201cThere\u2019s no forum for taxpayers to report abuse of authority,\u201d Salim Valimuhammad noted, demanding the formation of a joint committee with trade bodies to review coercive actions.<\/p>\n
While the association welcomed the FBR\u2019s crackdown on non-filers and the new \u201celigible\/non-eligible\u201d taxpayer classification in the budget, it reiterated that revenue targets will remain elusive unless compliance policies are streamlined. \u201cArbitrary measures hurt both businesses and the FBR\u2019s own goals,\u201d he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), has voiced serious concerns over the FBR increasing compliance demands, warning that the current approach risks repeating last year\u2019s revenue shortfalls. Speaking at a post-budget meeting with PCDMA members, Valimuhammad criticized the FBR for introducing untested compliance measures without consulting the business […]<\/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":{"0":"post-485173","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n