Tag Archives: Federation of Pakistan Chambers of Commerce and Industry

FBR creating gulf between government and private sector: FPCCI

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Thursday said that Federal Board of Revenue (FBR) has deliberately proposed such amendments to tax laws through Finance Bill 2017 to create gulf between the government and private sector.

Budget Proposals 2017/2018: FPCCI seeks zero-rate sales tax for rice sector

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested zero-rate of sales tax for rice sector, which is the second largest export oriented after textile.

Budget Proposals 2017/2018: Amnesty recommended for retailers not filing ST returns

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed an amnesty scheme for retailers and small traders who are not filing sales tax return.

Budget Proposals 2017/2018: FPCCI suggests changes to sales tax audit selection

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said the Federal Board of Revenue (FBR) upon specific proposal of the business community has inserted provisions of section 72-B to ensure selection of audit on parametric basis through computer balloting.

FBR not to select salary persons, commercial importers for audit on full payment of tax

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KARACHI: Federal Board of Revenue (FBR) and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have agreed on selection of audit related to cases of salary and commercial importers.

Budget Proposals 2017/2018: Zero to 3pc duty suggested for imported goods not produced locally

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KARACHI: Federal Board of Revenue (FBR) has been urged to reduce customs duty to zero to 3 percent on those imported goods, which are not manufactured locally.

Budget Proposals 2017/2018: Short payment recovery without show cause against the Constitution

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that short paid sales tax recovery without issuing show cause notice is against the Constitution of Pakistan.

Budget Proposals 2017/2018: Taxpayers should not be arrested without trial

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KARACHI: Federal Board of Revenue (FBR) has been urged provisions of Sales Tax Act, 1990 related to ‘power to arrest’ should not be invoked without going trial of a taxpayer.

Budget Proposals 2017/2018: FPCCI recommends stop promotion of tax officers found in maladministration

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested the Federal Board of Revenue (FBR) to stop promotion of Inland Revenue Officers (IROs) for three years in case found in maladministration.

Budget Proposals 2017/2018: FPCCI recommends reducing record keeping time to three years

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the Federal Board of Revenue (FBR) to reduce the requirement of record keeping to three years instead of existing six years.