Chairman Pakistan Industrial and Traders Associations Front (PIAF) FaheemurRehmanSaigol has said the real answer to country’s problems lies in the structural reforms, as there are a number of inefficiencies in tax collection, which must be removed.
In a statement issued on Sunday, he observed that the tax compliance should be improved and tax base should be enhanced, which cannot be achieved with a single policy change, but through a systemic approach.
FaheemurRehmanSaigol said that businesses are already in a complicated state-of-affairs, while anti-business actions against business community will not only add to the miseries of the business community but also promote trust deficit between the government and the business community.
He said that in the past instead of focusing on controlling under-invoicing, curbing smuggling and expanding the tax net, the FBR seems to be inclined to pressurize registered taxpayers, who are already suffering due to a high rate of sales tax, income tax, and custom duties by creating fictitious cases for recovery of outstanding dues to meet revenue target. The PIAF Chairman also called for building a structure in the country, which is in accordance with the requirements of time, as it is easy to weaken institutions but it takes a long time to rebuild them.
