Pakistan Industrial and Traders Association Front (PIAF) has welcomed the withdrawal of Sales Tax Form D and suspension of SRO 821(I) 2011 and paid rich tributes to Chairman Federal Board of Revenue, Salman Siddiq for accepting the demands of the business community.
The office bearers of trade bodies, including Chairman PIAF Sohail Lashari, and Chairman Pakistan Auto Parts Manufacturers and Exporters Association, Tahir Javed Malik in their joint statement, said that withdrawal of ST Form D and suspension of SRO 821(I) 2011 was the demand of the entire business community. The steps would go a long way and not only help FBR to achieve its revenue target set for the year 2011-12 but would also encourage the new tax payers to come into the tax net.
They said that the business-friendly attitude of Chairman FBR, Salman Siddiq is a good omen for the economy as it would further strengthen the relations between the board and business community and ultimately tax net would be widened. They also appreciated LCCI President, Irfan Qaiser Sheikh for representing the whole business community and making all out efforts to get all the tax related harsh conditions reviewed.
They said that the LCCI visionary leadership would help revive economic activities in the country that ultimately would help achieve targets set for the ongoing financial year and revenue of the government would be enhanced as new tax payers would repose their confidence on FBR. The business community leaders hoped that the board would continue consultation process with the true stakeholders and give representation to the private sector in all committees to be formed by it.
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