The Lahore Chamber of Commerce and Industry (LCCI), while expressing its concern over the issuance of audit notices, has urged the Federal Board of Revenue (FBR) not to carry physical audit before December 2009 in view of the government promise made in 2004.
The government had promised with the business community that there would be no physical audit for a period of five years, said the LCCI Vice President Irfan Iqbal Sheikh. The LCCI has received a number of complaints that the tax officials are creating an atmosphere of harassment by issuing unnecessary audit notices to the businessmen.
He urged the director general income tax to stop the tax officials from issuing notices to fulfil the promised earlier made by the government, he added. He said that all the leading economies were giving incentives to expedite economic activities in their respective countries but in Pakistan the people who are sitting at the helm of affairs were doing the otherwise at this time when almost all the businesses were facing a number of internal and external pressures.
He said that the days are gone when tax collection was made through physical visits, now the people are quite conscious of their national obligations and the decision to send tax officials to manufacturing units would only create hurdles in the smooth working of any industrial entity.
Meanwhile, the LCCI President Mian Muzaffar Ali, Senior Vice President Tahir Javaid Malik and Vice President Irfan Iqbal Sheikh urged the government to make arrangements on war-footing to ensure uninterrupted power supply to industrial areas as the frequent outages was not only hampering production but also taking the graph of unemployment further high.
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