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Tag Archives: SRO-608

FBR, traders finalise recommendations to amend SRO 608

ISLAMABAD: A committee, comprising Federal Board of Revenue and traders representatives, has finalized the suggestions to amend the SRO 608. FBR Chairman Tariq Bajwa and members of committee Mian Abdul Mannan and Pervez Malik will soon meet Finance Minister Ishaq Dar to present the recommended amendments in SRO 608. Member committee Mian Abdul Manan told Customs Today that the issue ... Read More »

Traders want immediate removal of SRO-608

ISLAMABAD: The government has suggested the traders not to stress upon the removal of SRO-608 and asked them for proposals. “It is offered by the government that the proposals given by the traders will be the part of SRO. On the other hand, government is trying to break the unity between the traders and chambers. A meeting between Hamza Shahbaz ... Read More »

Traders protest against SRO-608

  LAHORE: Traders staged a protest demonstration against the imposition of SRO-608 and 16 percent services sales tax. Customs Today learnt that various trader organisations held the protest and closed markets for three hours to show their reservations on the newly imposed taxes by the Federal Board of Revenue (FBR) and Punjab Revenue Authority (PRA). Traders said that burden of ... Read More »

Ire over SRO 608 brewing: RCCI gear up for countrywide strike

ISLAMABAD: What is being described as government’s failure, the Rawalpindi Chamber of Commerce &Industry (RCCI) will approach all Pakistan chambers’ presidents and presidents of All Pakistan Traders Associations to give a unanimous call for a countrywide strike against SRO 608, sales tax and withholding tax reforms. The decision was made a meeting of the RCCI chaired by its President Syed ... Read More »

FBR claims traders’ demand of withdrawal of SRO 608 not fair

KARACHI: The Federal Board of Revenue (FBR) says that the demand for withdrawal of amendments to SRO 608 by traders is not fair. The sources of at the FBR Regional Tax Office says: “The FBR has decided to take action against such traders who are not paying taxes and are preventing others from doing so after the end of filing ... Read More »

FBR refuses businessmen demands

KARACHI: Federal Board of Revenue neither accepted the demands of merchants nor took SRO 608 back, while the date for the submission of returns has been increased to 20 November. The chairman of Karachi business community Attique Mir told Customs Today, “FBR has neglected their demands regarding SRO 608, whereas the date for returns has been extended which is not ... Read More »

Anjuman-e-Tajran hints at countrywide protests against SR0-608

LAHORE: The All Pakistan Anjuman-e-Tajran (APAT) on Wednesday hinted at going on strike after October as the Federal Board of Revenue (FBR) has refused to withdraw the SRO-608. Talking to Customs Today, APAT President Khalid Pervaiz said, “We will announce our strategy after the end of October deadline given to the FBR regarding the withdrawal of SRO-608. We may give ... Read More »

FBR spokesman Shahid Asad refuses to withdraw SRO-608

ISLAMABAD: The Federal Board of Revenue (FBR) spokesman and Inland Revenue Member Shahid Asad said that SRO-608 would not be withdrawn. He said it has been shaped after deliberations with stakeholders. “Retailers should take taxes as their national responsibility. Their behaviour is non-cooperative. This is not in the country’s favour.” He suggested that a certificate should be issued for every ... Read More »

Amendments to SRO-608 irk traders

KARACHI: All Karachi Tajir Ittehad Chairman Attique Mir has said the FBR has made amendments to SRO-608 for a ‘complete’ registration of taxpayers in the sales tax. Talking to Customs Today, Mir said a plan has been finalised for the one-sided registration of traders with Rs 5 million income annually. He said that the traders were already concerned about extortion ... Read More »

FBR’s sale monitoring devices: Businessmen ask Dar to intervene

ISLAMABAD: Islamabad Chamber of Commerce & Industry (ICCI) has urged Federal Finance Minister Ishaq Dar to take immediate action against the installation of devices at business premises to monitor sales in the federal capital. Federal Board of Revenue (FBR) has installed computer chips at the sale counters, especially of restaurants and bakers to monitor their sales. The Islamabad business community ... Read More »

Traders form committee on SRO-608  

ISLAMABAD: Owners of hotels, restaurants, departmental stores and retail businesses have formed a committee regarding SRO 608. The committee will meet Finance Minister Ishaq Dar and discuss their reservations with him on Friday. A meeting was held in this regard in the Islamabad Chamber of Commerce and Industry, but no office-bearer of the chamber showed up. Only those traders who ... Read More »

FBR, traders stand-off continues on SRO-608

ISLAMABAD: Traders have not yet provided any names to Federal Board of Revenue (FBR) for negotiations on controversial SRO-608 which adds to growing tensions among both. Islamabad traders have decided to discuss the matters in upcoming meeting of traders and member of chambers at Islamabad Chamber of Commerce and Industry (ICCI). The suggestions decided in the meeting will be sent ... Read More »

Traders urge FBR to withdraw SRO-608

LAHORE: Traders have decided not to file tax returns all over the country until the withdrawal of the SRO-608 of sales tax by the Federal Board of Revenue (FBR). The All Pakistan Traders Association (APTA), in traders’ convention, reiterated that imposition of sales tax on retailers under amended Finance Act 2014-2015 is not acceptable in any way. The president of All ... Read More »