Traders’ woes: Businessmen term new SROs a mini-budget
FPCCI president asked the government to remove the ambiguity created by the two SROs and other such orders.
Such SROs made the production cost difficult to bear and the business operations unproductive. DESIGN: FAIZAN DAWOOD
FAISALABAD:
The Faisalabad Chamber of Commerce and Industry (FCCI) has described the issuance of SRO 98 and SRO 154, which impose withholding tax and end zero-rated tax facility, as a mini-budget just a few months before the presentation of the new federal budget for 2013-14.
Such SROs made the production cost difficult to bear and the business operations unproductive, said FCCI President Mian Zahid Aslam in a statement issued on Monday.
He asked the government to remove the ambiguity created by the two SROs and other such orders issued by the Federal Board of Revenue (FBR) to enable the business community to continue operations in a satisfactory manner.
“SROs 98 and 154 were issued without consultation with any stakeholders and even the Public Accounts Committee of the recently dissolved National Assembly had discouraged the SRO culture,” he said.
Published in The Express Tribune, March 26th, 2013.
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The Faisalabad Chamber of Commerce and Industry (FCCI) has described the issuance of SRO 98 and SRO 154, which impose withholding tax and end zero-rated tax facility, as a mini-budget just a few months before the presentation of the new federal budget for 2013-14.
Such SROs made the production cost difficult to bear and the business operations unproductive, said FCCI President Mian Zahid Aslam in a statement issued on Monday.
He asked the government to remove the ambiguity created by the two SROs and other such orders issued by the Federal Board of Revenue (FBR) to enable the business community to continue operations in a satisfactory manner.
“SROs 98 and 154 were issued without consultation with any stakeholders and even the Public Accounts Committee of the recently dissolved National Assembly had discouraged the SRO culture,” he said.
Published in The Express Tribune, March 26th, 2013.
Like Business on Facebook to stay informed and join in the conversation.