Staff Reporter Islamabad
President of Islamabad Chamber of Commerce & Industry Sardar Yasir Ilyas Khan has said that the FBR is issuing notices under Sec-182 to the taxpayers to penalize them for late filing of income tax returns.
Addressing a delegation of Traders Welfare Association, Blue Area, Islamabad, during their visit to ICCI, he said, however, this approach would be counterproductive as it would discourage the new taxpayers from coming into the tax net and thwart government’s efforts for improving the tax revenue of the country.
He said, President TWA Blue Area, Raja Hasan Akhtar, Javed Iqbal, Omais Khattak, Khalid Chaudhry and others were in the delegation. Mian Akram Farid, Chairman Founder Group was also present at the occasion.
Sardar Yasir Ilyas Khan said that the number of taxpayers was already very low in Pakistan and one of the main reasons of low tax-to-GDP ratio was high tax rates and coercive measures of the tax department against the taxpayers.
