AIRLINK 72.59 Increased By ▲ 3.39 (4.9%)
BOP 4.99 Increased By ▲ 0.09 (1.84%)
CNERGY 4.29 Increased By ▲ 0.03 (0.7%)
DFML 31.71 Increased By ▲ 0.46 (1.47%)
DGKC 80.90 Increased By ▲ 3.65 (4.72%)
FCCL 21.42 Increased By ▲ 1.42 (7.1%)
FFBL 35.19 Increased By ▲ 0.19 (0.54%)
FFL 9.33 Increased By ▲ 0.21 (2.3%)
GGL 9.82 Increased By ▲ 0.02 (0.2%)
HBL 112.40 Decreased By ▼ -0.36 (-0.32%)
HUBC 136.50 Increased By ▲ 3.46 (2.6%)
HUMNL 7.14 Increased By ▲ 0.19 (2.73%)
KEL 4.35 Increased By ▲ 0.12 (2.84%)
KOSM 4.35 Increased By ▲ 0.10 (2.35%)
MLCF 37.67 Increased By ▲ 1.07 (2.92%)
OGDC 137.75 Increased By ▲ 4.88 (3.67%)
PAEL 23.41 Increased By ▲ 0.77 (3.4%)
PIAA 24.55 Increased By ▲ 0.35 (1.45%)
PIBTL 6.63 Increased By ▲ 0.17 (2.63%)
PPL 125.05 Increased By ▲ 8.75 (7.52%)
PRL 26.99 Increased By ▲ 1.09 (4.21%)
PTC 13.32 Increased By ▲ 0.24 (1.83%)
SEARL 52.70 Increased By ▲ 0.70 (1.35%)
SNGP 70.80 Increased By ▲ 3.20 (4.73%)
SSGC 10.54 No Change ▼ 0.00 (0%)
TELE 8.33 Increased By ▲ 0.05 (0.6%)
TPLP 10.95 Increased By ▲ 0.15 (1.39%)
TRG 60.60 Increased By ▲ 1.31 (2.21%)
UNITY 25.10 Decreased By ▼ -0.03 (-0.12%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 7,566 Increased By 157.7 (2.13%)
BR30 24,786 Increased By 749.4 (3.12%)
KSE100 71,902 Increased By 1235.2 (1.75%)
KSE30 23,595 Increased By 371 (1.6%)

KARACHI: Leather exporters have received tax refunds of total Rs1.60 billion in the last six months, compared to Rs1 billion in the same period last year. There have been more than 70 percent of tax refunds paid out thus far.

Within 24 hours, KATI will appoint a representative to handle tax issues for Korangi industrialists and members.

These views were expressed by Haider Ali Dharijo, Chief Commissioner, Inland Revenue, Regional Tax Office II, FBR, on his visit to Korangi Association of Trade and Industry (KATI). He was accompanied by KATI

Chief Commissioner Inland Revenue Haider Ali Dharijo said that there were more than 150,000 return files among the submitters of statements in which there were more than 25,000 new filers. While 300 billion more taxes have been collected so far than the target and it is hoped that the set target will be completed ahead of time.

He said that transparency is a top priority in FBR and all the procedures and documents for redressal of grievances have been made online.

People can now easily get an Income Tax Certificate online, and returns can be submitted with one click. Similarly, refunds are also being issued automatically online.

He said that KATI is one of the largest industrial areas in Pakistan and that is why I am personally trying to solve the problems of the industrialists. Haider Ali Dharijo said that from next month, for the convenience of taxpayers, a series of e-hearings are being started in which people can call and lodge their grievances directly.

S M Muneer, the Patron-in-Chief of KATI, said, “We want every businessman to pay taxes. We will never support tax evaders. But will not bribe the FBR authorities.

He said that industrialists do business with money at 10 percent interest rate, but tax authorities keep their money and refunds are not timely paid. Refunds have been stuck in the FBR since 2007.

KATI president Salman Aslam said that multiple notices are being issued to industrialists belonging to Korangi. Negative impressions should be removed due to some corrupt elements in FBR. He said the system of payment of taxes and refunds should be simplified.

KITE CEO Zubair Chhaya said that the government has achieved its economic goals by differentiating between filers and non-filers but provided facilities to nine filers.

He said that the industrialists were providing free services as holding agents of FBR but they were being harassed instead of being appreciated.

On the occasion, Chairman Standing Committee on FBR, SRB and Taxation Masood Naqi said that the industrialists were taking full advantage of the Faster Scheme but now complaints of missing cases were reported.

The FBR should appoint a focal person in KATI to solve the problems of Korangi industrialists so that tax issues can be resolved in a timely manner.

Copyright Business Recorder, 2022

Comments

Comments are closed.