PCDMA chief urges FBR to withdraw tax notices

Chairman Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director Karachi Stock Exchange, Amin Yousuf Balgamwala has urged the Chairman Federal Board of Revenue to waive all notices including income tax, sales tax, WHT and all proceedings in this regard for 2 months due to the worst economic crisis.
He said that due to coronavirus pandemic, all the business activities have come to standstill and commercial importers are already facing huge financial crises.
He expressed his surprised on FBR notices, as entire country is in lockdown for prevention of coronavirus pandemic and urged the chairman FBR to issue directives to chief commissioners and all RTOs to stop harassing commercial importers so that import activities could be restored after the lockdown.
The chairman PCDMA further said that if all notices including income tax, sales tax, WHT and other proceeding not stopped for at least 2 months then the textile industry will badly be affected which is the backbone of the domestic economy as commercial importers are the largest means of providing raw materials to the textile industry to continue production activities.