Islamabad
The Islamabad Chamber of Commerce & Industry (ICCI) has urged the Federal Board of Revenue (FBR) to address traders’ reservations on the installation of Point of Sale (POS) in retail outlets before going ahead with this initiative.
ICCI President Muhammad Shakeel Munir said this while addressing a delegation of traders of Jinnah Super Market, Islamabad, that called on him led by Abdul Rehman Siddiqui, former Executive Member ICCI, to discuss the tax issues of the business community, said a statement issued on Saturday.
Mian Akram Farid Founder Group chairman, Jamshaid Akhtar Sheikh, ICCI senior vice president, Muhammad Faheem Khan, vice president, Faseeh Ullah Khan, Ashfaq Chattha, Khalid Chaudhry and others were also present on the occasion.
Shakeel Munir said that the government has made many amendments to the tax laws through the Third Amendment Ordinance that would increase the problems for the business community.
He 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 a lot of concerns for taxpayers.—TLTP
