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Daily Times
July 25, 2021
The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to improve the taxation system to increase the number of taxpayers instead of putting more burden on the existing taxpayers.
In a statement on Saturday, ICCI President SardarYasirIlyas Khan said that the business community is contributing significantly in the tax revenue generation and as a result the Federal Board of Revenue (FBR) achieved a historic level of tax revenues of Rs4,732 billion in 2020-21, surpassing the revised target of Rs4,691 billion, which was 18pc higher than last year.
The president ICCI said that the government should fully automate the taxation system to reduce people to people contact and take initiatives to make the taxation system easier for the taxpayers. He said that businessmen are paying huge amount of taxes but their contribution to the economy is not acknowledged and they are also not incentivised accordingly.
Daily Times
April 1, 2021
President, Islamabad Chamber of Commerce and Industry (ICCI) Sardar Yasir Ilyas Khan on Wednesday lauded the decision of Federal Board of Revenue (FBR) for extending the deadline to furnish the taxpayer profile up to June 30. It would reduce pressures on taxpayers by giving them more time for preparation of their profiles, he said in a statement.
However, he urged that FBR to simplify the taxpayer profile as it required extensive information including mandatory submission of bank account detail, business premises detail and utility connections detail that would be a very cumbersome exercise for the taxpayers and would consume a lot of their time in its completion.