“The FBR has lodged FIRs against various textile companies that were not paying the right amount of taxes,” says FBR spokesperson. DESIGN: FAIZAN DAWOOD
Representatives of the sector targeted the FBR here at a press conference against the issuance of SRO 154, and say they have planned to stage a protest outside the Karachi Press Club on Thursday.
“We want the FBR to withdraw SRO 154, because this will not only tie up huge refunds with the FBR, but also discourage the formal and registered value-added textile sector,” Pakistan Central Hosiery Manufacturers Central Chairman Jawed Bilwani told The Express Tribune.
While directly targeting the FBR, Bilwani said the tax authority is supporting corruption in the textile sector. He said that he and his colleagues went to Islamabad to resolve the issues, but soon realised that the FBR was not serious in helping the value-added textile sector.
Representatives asked the FBR why it was reverting to the system of charging sales taxes and then refunding them.
On the other hand, the FBR aggressively brushed aside the reservations of the textile manufacturers.
“The FBR has lodged FIRs against various textile companies that were not paying the right amount of taxes,” FBR spokesperson Asrar Raouf said. “If the value-added textile sector wants to ease these problems, it will have to pay all taxes.”
The government has to collect taxes, which is what the FBR is doing, said Raouf.
Published in The Express Tribune, March 14th, 2013.
Like Business on Facebook to stay informed and join in the conversation.
COMMENTS (5)
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ
1731570357-0/elon-musk-(1)1731570357-0-165x106.webp "article")
-(1)1717678110-0/Kendrick-(1)-(1)1717678110-0-165x106.webp "article")
1732486769-0/image-(8)1732486769-0-270x192.webp "lahore s smog lessons to be learnt")
Gp65: FBR should get it's act in order and instead of granting amnesty to tax evaders and those who evade custom duty, they should enforce law and tax them.FBR has NO powers to legislate; this power is with Assemblies and un-fortunately MNAs also fall in catagory of tax evaders Think about it: have you seen Income Tax Ordiance or Sales Tax law in Urdu? how can there be broadening of taxes if law is not available in National Language The Income Tax Return is of 7 pages and takes at average 19 hours to prepare; sales tax Return takes about 7 days. FBR should simplify these Returns. The fault lies in FBR who have abdicated their responsibility of enforcing tax law fairly,evenly and justly
@H.A. Khan: So if no one including highly profitable sectors are to pay taxes, how do you propose to gain economic sovereignty?
SRO 98(i)/2013, SRO 154(I)/2013 have effectively destroyed the smooth functioning of value added industry especially export sector. The current senior team at FBR seems to be toally lost to the realities of business and they should be changed
FBR has destroyed Export sector especially Textile export sector through frequent SROs it has issued in last 6 weeks. FBR needs to be held accountable for ruining the export industry and the top team at FBR needs to change.All they have done is talk and talk and there is no action.FBR has become dysfunctional. FBR has become expert at giving Amnesty and helping tax and duty evaders
Really tough times for them, I mean, profitable firms paying taxes who would have thought...http://tribune.com.pk/story/520361/textile-sectors-profits-multiply-12-fold/