FBR barred from issuing notices to taxpayers from July; no DLTL
Business
June 4, 2021
KARACHI: The government has barred the Federal Board of Revenue (FBR) from issuing notices from next fiscal year with the taxpayers enabled to carry out self-assessment, finance minister said on Thursday.
Finance Minister Shaukat Tarin said only 4 to 5 percent of the cases will be forwarded to audit that will be done by third party instead of the FBR.
“I want to remove harassment by FBR,” Tarin said addressing an online meeting with the office bearers Karachi Chamber of Commerce and Industry. “We have agreed upon universal tax self-assessment and the audits by third party only.”
In this file photo, shopkeepers sit along a closed market after a shutdown was imposed in a bid to prevent a surge in Covid-19 cases during Eid in Rawalpindi. AFP/File
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) on Tuesday urged the Sindh government to allow small traders and shopkeepers in the city to open businesses ahead of Eidul Fitr from iftar to sehri so that they could recoup some of the losses caused by the Covid-19 pandemic.
Urging the provincial government to minimise the hardships faced by distressed citizens including the trading community in Karachi, KCCI president Shariq Vohra suggested that restrictions on businesses should be lifted for two days (Wednesday and Thursday) before Eid from dusk till dawn.
KCCI appeals for opening markets on last two days before Eid
Business
May 12, 2021
KARACHI: Officials at Karachi Chamber of Commerce & Industry (KCCI) on Tuesday appealed to Sindh government to allow the markets to operate on the last two days before Eid to save small traders from going out of business.
“It was imperative for them to be able to recover some of the grave losses suffered by them due to stringent curbs imposed to contain further spread of Covid-19 pandemic,” said Zubair Motiwala, Chairman Businessmen Group & Former President KCCI Zubair Motiwala, in a statement.
“Keeping in view the not so bad number of Covid-19 cases in Karachi, we believe there is some room available to let shopkeepers do business at least on Wednesday and Thursday from Iftar to Sehri.”