AGL 38.09 Decreased By ▼ -0.07 (-0.18%)
AIRLINK 136.34 Increased By ▲ 2.15 (1.6%)
BOP 9.20 Increased By ▲ 0.35 (3.95%)
CNERGY 4.72 Increased By ▲ 0.03 (0.64%)
DCL 8.85 Increased By ▲ 0.18 (2.08%)
DFML 38.34 Decreased By ▼ -1.44 (-3.62%)
DGKC 85.45 Increased By ▲ 0.30 (0.35%)
FCCL 35.15 Increased By ▲ 0.25 (0.72%)
FFBL 76.21 Increased By ▲ 0.61 (0.81%)
FFL 12.66 Decreased By ▼ -0.08 (-0.63%)
HUBC 108.70 Decreased By ▼ -0.75 (-0.69%)
HUMNL 14.73 Increased By ▲ 0.63 (4.47%)
KEL 5.58 Increased By ▲ 0.18 (3.33%)
KOSM 7.96 Increased By ▲ 0.21 (2.71%)
MLCF 40.78 Decreased By ▼ -0.59 (-1.43%)
NBP 70.94 Increased By ▲ 1.24 (1.78%)
OGDC 195.25 Increased By ▲ 1.63 (0.84%)
PAEL 26.96 Increased By ▲ 0.75 (2.86%)
PIBTL 7.46 Increased By ▲ 0.04 (0.54%)
PPL 168.02 Increased By ▲ 4.17 (2.55%)
PRL 26.19 Decreased By ▼ -0.17 (-0.64%)
PTC 20.34 Increased By ▲ 0.87 (4.47%)
SEARL 92.75 Increased By ▲ 8.35 (9.89%)
TELE 7.84 Decreased By ▼ -0.15 (-1.88%)
TOMCL 35.49 Increased By ▲ 1.44 (4.23%)
TPLP 8.91 Increased By ▲ 0.19 (2.18%)
TREET 17.29 Increased By ▲ 0.11 (0.64%)
TRG 59.27 Decreased By ▼ -1.73 (-2.84%)
UNITY 31.02 Increased By ▲ 2.06 (7.11%)
WTL 1.37 No Change ▼ 0.00 (0%)
BR100 10,901 Increased By 125.5 (1.16%)
BR30 32,654 Increased By 420 (1.3%)
KSE100 101,357 Increased By 1274.6 (1.27%)
KSE30 31,488 Increased By 295 (0.95%)

Chief Commissioner, Regional Tax Office, Abbottabad, Pir Pervez Alam has said that the Federal Board of Revenue (FBR) is trying to broaden the tax net and minimise the burden of tax on existing tax payers in the country.
Addressing a meeting of the office-bearers of Haripur Chamber of Commerce and Industry, Hattar Industrial Estate Association, representatives of trade associations of Haripur and tax consultants, he assured prompt action on the issues of the business community, especially the holding of desk audit of the organisations and helping out to e-filing of returns and statements.
Hayat Mohammad Additional Commissioner RTO Office Abbottabad, Mumtaz Ahmed Assistant Commissioner Inland Revenue Haripur were also present at the occasion. Chief Commissioner asked the business community to come forward and help FBR to achieve the revenue targets, as this is the only way forward to bring prosperity to Pakistan.
He further said that FBR is trying to broaden the tax net so the burden on the existing tax payers should be minimum and in this regard, Chamber of commerce and trade bodies can facilitate the Tax officials who are working on the policy of documentation of the economy and all those who are out of tax ambit will be brought into tax net for which facilitation centres are established in Hazara Division by the Regional Tax Office supervised by the experienced staff and officers.
While replying number of quarries raised by the members of chamber of commerce, chief commissioner directed the officials of RTO Abbottabad to settle down all issues on priority basis as FBR wants to be more friendly relations with business community, he added.
Meanwhile, Regional Tax Office Abbottabad has notified all sales tax registered persons and organisations to file their due tax returns on or before 15th of each month to avoid penal action against them by the department. Assistant Commissioner Mohammad Tayab in his circular has invited all the sales tax payers to fulfil their obligations to file the return in due date otherwise fine of Rs 5,000 will be imposed and commissioner of Regional Tax Office Abbottabad is empowered to depute any officer at the premises of the tax payers weather it is hotel, factory or other organisation to monitor the sales and business transactions.
So all those who fail to deposit their taxes or depot less taxes can face either legal action from the Sales Tax Department (Inland Revenue Department). If any official is deputed and tax payer is not co-operating with the tax officials can face the fine of Rs 25,000 and imprisonment of 3 years or both. Any one who faces any difficulty to file the sales tax return can contact office in working hours.

Copyright Business Recorder, 2011

Comments

Comments are closed.