Tax refund claims: Industrialists urge govt to release Rs250b
Irfan Iqbal Sheikh urged government to ensure early and timely payment of stuck tax refund claims
Irfan Iqbal Sheikh urged government to ensure early and timely payment of stuck tax refund claims PHOTO COURTESY: NEW PAKISTAN
LAHORE:
Pakistan Industrial and Traders Associations Front (PIAF) Chairperson Irfan Iqbal Sheikh has urged the government to ensure early and timely payment of stuck tax refund claims of export-oriented sectors worth Rs250 billion, which had already been promised many times by government officials.
He contended that customs rebate claims of approximately Rs50 billion were pending with the Federal Board of Revenue (FBR) whereas sales tax refund claims including deferred claims amounted to around Rs200 billion.
Sheikh, along with other officials of the association, said in a statement businessmen were bearing huge financial costs of their own money and the FBR chairperson should look into the matter.
He urged Minister of State for Finance Rana Muhammad Afzal Khan to take notice of the situation and issue directives to the FBR to expedite the release of stuck sales tax and income tax refund claims as promised.
Published in The Express Tribune, March 7th, 2018.
Pakistan Industrial and Traders Associations Front (PIAF) Chairperson Irfan Iqbal Sheikh has urged the government to ensure early and timely payment of stuck tax refund claims of export-oriented sectors worth Rs250 billion, which had already been promised many times by government officials.
He contended that customs rebate claims of approximately Rs50 billion were pending with the Federal Board of Revenue (FBR) whereas sales tax refund claims including deferred claims amounted to around Rs200 billion.
Sheikh, along with other officials of the association, said in a statement businessmen were bearing huge financial costs of their own money and the FBR chairperson should look into the matter.
He urged Minister of State for Finance Rana Muhammad Afzal Khan to take notice of the situation and issue directives to the FBR to expedite the release of stuck sales tax and income tax refund claims as promised.
Published in The Express Tribune, March 7th, 2018.