PESHAWAR
\nSarhad Chamber of Commerce and Industry voiced concern over undue delay in payment of Sales Tax & Income Tax Refund, harassment on various pretexts, especially in the name of policy enforcement and urged government and Federal Board of Revenue to take concrete measures for Ease of Doing Business and Taxpayers\u2019 facilitation.
\nThese concerns and a number of operational and policy level matters were taken up by a delegation of businessmen led by SCCI president Junaid Altaf with Chief Commissioner, Regional Tax Office, Peshawar, FBR Muhammad Taqi Qureshi in a meeting held at RTO Peshawar.
\nThe businessmen delegation consisted on SCCI Senior Vice President Muhammad Nadeem, Vice President Sabir Ahmad Bangash, and the chamber income tax committee Chairman Zahidullah Shinwari, and Chairman Income Tax Committee, SCCI Haji Muhammad Asif, and members Malik Niaz Ahmad, Riaz Arshad and Adeel Rauf, and member of the chamber\u2019 executive committee Sajjad Zaheer and others.
\nCommissioner Corporate RTO Peshawar Ajmal Khan, Commissioner Inland Revenue, RTO Peshawar Dr Syed Farooq Jamil were also present in the meeting.
\nThe meeting thoroughly made discussion on operational matters, mainly relating to pendency of refunds, delays even after RPO issuance, unlawful summoning of taxpayers, Sales Tax Registration \u2013 Manual Verification, POS Integration & Deployment of FBR Officers at Shops under 40B, PRAL \/ IRIS System Downtime (Operational Impact).
\nPolicies related affairs also came under discussion, including Increase in Withholding Tax Threshold \u2013 Section 153, transparency and publication of FBR orders, Exports to Afghanistan Against PKR (System & Refund Policy), Pharmaceutical Industry \u2013 Sales Tax Regime Issue, Digital Invoicing Framework \u2013 Structural Issues, High Corporate Tax Burden & Impact on Industrialization and others.
\nPresident Junaid Altaf while presenting various proposals urged FBR to ensure administrative facilitation and timelines, prevention of harassment of business community on various pretexts, removal of irritants in Sales Tax registration, phase-wise implementation of POS system, by creating ample awareness about this system and digitization invoicing framework.
\nThe SCCI chief sought revision of the PKR 75,000 threshold in line with inflation to reduce compliance burden on SMEs as well as policy-level reform to publish adjudication and appellate orders for consistency, transparency, reduction of discretion and education of legitimate businesses and Taxpayers\u2019.
\nPresident Junaid Altaf also called for policy\/system changes at FBR & SBP level with regard to Exports to Afghanistan Against PKR (System & Refund Policy).
\nSimilarly, he made a request that the Pharmaceutical Industry \u2013 Sales Tax Regime Issue, adjustment of input sales tax against 1% final output tax should be allowed and refund of excess input tax to avoid cascading effect.
\nThe SCCI chief urged postponement of SRO 709(I)\/2025 (Digital Invoicing).
\nPresident Junaid Altaf stressed rationalization and gradual reduction of overall tax rates to promote industrialization, attract foreign and domestic investment, and broaden the tax base.
\nSCCI chief urged reconsidering harsh treatment under: 37A, 37B, 21S and review of section 8B ( 90% adjustment of input) Broadening of tax base instead of squeezing existing TP.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR Sarhad Chamber of Commerce and Industry voiced concern over undue delay in payment of Sales Tax & Income Tax Refund, harassment on various pretexts, especially in the name of policy enforcement and urged government and Federal Board of Revenue to take concrete measures for Ease of Doing Business and Taxpayers\u2019 facilitation. These concerns and […]<\/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-520829","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n