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FBR working to establish close liaison with business community

FBR working to establish close liaison with business community

LAHORE: The Chief Commissioner Inland Revenue Ahmad Shuja Khan has said that FBR is working to establish close liaison with business community.

The Chief Commissioner was speaking at an interactive session with businessmen in Lahore.

The Chief Commissioner added that it was a long standing demand of the business community that tax forms are cumbersome therefore it was decided to translate these forms into regional languages.

The Tax Chief said that FBR is working to establish close liaison with the business community and taking all possible measures for trust building.

He said that FBR considers businessmen as partners and not adversary.

He said that tax return form has been made easy as it is now available in all regional languages including Urdu, Sindhi, Pushto and Punjabi etc.

He said government needs revenue to run its affairs smoothly. Chief Commissioner also gave a presentation and replied the queries raised by the participants.

He also informed the participants that income tax return filing form has been made simple and easier and it would also be available in regional languages.

Speaking on the occasion, LCCI President Mian Tariq Misbah said It is really encouraging sign that on the demand of private sector, the officials of FBR have designed comparatively simpler and shorter Income Tax Return form that requires lesser time to fill and is easy to be handled by the less-experienced taxpayers.

He expected that in coming years, the documentary requirements of FBR will turn out to be further uncomplicated that would certainly encourage more people to become filer.

He said that according to the government documents, FBR’s tax collection in 2019-20 was 3,997 billion rupees which needs to be improved considerably. The right way for enhancing the tax collection is to expand our tax base by adding up new taxpayers otherwise the regular taxpayers will continue to be over-burdened.

He hoped that rational tax policies from the government especially designed according to the new economic scenario which has been reshaped due to COVID-19 outbreak. Similarly, the private sector should be facilitated to the maximum extent through giving tax exemptions till the revival of business activities across the country.