Staff Reporter
Islamabad
The business community of the entire country was passing through a very tough time due to the impact of Covid-19 pandemic and it was high time that FBR should allow adjustment of income tax and sales tax refunds against payable taxes to facilitate business sector of Pakistan.
This demand was made by Muhammad Ahmed Waheed, President, Islamabad Chamber of Commerce and Industry here on Sunday. He said that refunds amounting to billions of rupees of business community were stuck up with FBR while the refunds of 2015 were still not paid due to which private sector was facing liquidity issues.
However, he said that in the prevailing circumstances, FBR should allow adjustment of all refunds against customs duty and other payable taxes that would greatly facilitate the business community.
Muhammad Ahmed Waheed said that due to Covid-19 pandemic, businesses and industrial units have suffered massive losses and they were also facing great problems in payment of taxes.
