KARACHI: Federal Tax Ombudsman (FTO) Abdur Rauf Chaudhry has directed the Federal Board of Revenue (FBR) to refund and clear all such refund claims to the exporters that have been decided.
On Tuesday FTO addressing the members of Lasbela Chamber of Commerce and Industry said in order to facilitate the exporters he by himself would approach the FBR to make payments of already settled refund claims within the specified time limit.
He said he would also instruct the FBR to arrange the publishing of Customs’ daily list of import and export through Pakistan Revenue Automation Limited (PRAL) in order to facilitate the business community and to promote the transparency in the international business transactions.
He noticed the demand of Tool Tax twice at Karachi Northern Bypass was tantamount to double taxation and would be addressed in accordance with law in the larger public interest.
The FTO assured to monitor the expensed being made by Trade Development Authority of Pakistan (TDAP) from export development surcharge meant for the promotion of export trade in accordance with relevant legal provisions but grossly misused.
President LCCI Ismail Suttar said this Institution has disposed off about 70,000 cases by the end of 2013 which was really quite appreciative and an exemplary performance for other public institutions.
The FTO Office is also watching the pending cases of sales tax refund claims amounting to more than Rs 97 billions and the issues relating to this matter.
In our opinion the reduction of the rate of sales tax and income tax, as has been suggested by the business community will not only reduce the complaints against the tax collecting agencies but also will broaden the tax-base in the country.
Suttar said the FTO has risen to the expectations of those, about one million Pakistanis who had fallen prey to official apathy, incompetence and mal-administration.
Regarding the matter when FTO decides any case against the FBR, who file an appeal with the Office of the President of Pakistan and this takes quite a long time to be decided and thus the significance of FTO’s justified judgment goes in vain. This has been a general conception amongst the business community, he added.
He said it was quite encouraging majority of members of Lasbela Chamber have no issues pertaining to taxation because of the efficiency of Commissionrate of Inland Revenue, Hub and the Collectorate of Customs at Gadani.
However he invited the attention of the FTO towards the problems of general nature like delay in issuing the refund cheques by FBR and the matters of expenses made from the fund of export development surcharge etc.
Dr Muhammad Aslam former President LCCI appreciated the business community always played the role of economic engine to ensure the continuation of economic activities and growth.
He appreciated the visit of FTO along with his colleagues to the Lasbela Chamber.
Adviser to FTO Office, Quetta, Justice (retd) Muhammad Nadir Khan, adviser to FTO regional office Karachi Manzoor Ahmed Kureshi and Ismail Suttar highly appreciated the office of FTO, which was a last resort for the aggrieved members of the business community to get relief.
Collector of Customs Gaddani Tanvir Ahmed, additional Commissioner Inland Revenue Hub Abdur Rehman Khilji and Chairman LCCI Taxation Committee Iqbal Ismail also spoke on the occasion.
KARACHI: Pakistan stocks declined on the final trading day of the week, as hoax about expected ...