Federal Tax Ombudsman Mushtaq Ahmad Sukhera and FTO's Senior Advisors visited Sialkot Chamber of Commerce & Industry (SCCI) to discuss various issues pertaining to taxes. On this occasion Mushtaq Ahmad Sukhera stressed the need of further betterment in tax payment and tax collection systems for providing maximum relief to the tax payers and the exporters.
He said that the Federal Board of Revenue (FBR) should remove hurdles from the smooth way of promotion of national exports by reducing the prolonged pending cases of the customs, income tax and sales tax refunds claims. He also said that FBR should ensure the early payment of the duty drawback, income tax and sales tax refunds claims for ensuring the smooth flow of cash in the Sialkot industry. He also ensured that FTO had been playing a pivotal role effectively in resolving the exporters' tax-related issues amicably.
Acting SCCI President Abul Waheed informed that the Sialkot exporters were much worried as their duty drawback, sales tax, income tax refund claims (amounting Rs 6.5 billion) had been lying pending for the last several years.
He also shared that the inordinate delay in the payment of these refund claims was causing financial crisis for the Sialkot exporters, besides, creating hurdles in the smooth flow of cash in the Sialkot's export industries as well. Sialkot exporters were the "roaming ambassadors" which had been playing their vital role in strengthening the national economy by earning the foreign exchange of US$2 billion annually.
The acting SCCI President further stated that tax related issues of the exporters should be solved on priority basis. The meeting was attended Officials of Sialkot Tax Bar Association (TBA), members of the business community.
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