KARACHI: Asim Ahmad, Chairman, Federal Board of Revenue (FBR) has directed tax offices to intensified enforcement measures to meet tax collection targets set for current fiscal year.
According a statement issued on Monday, the chairman directed all Chief Commissioners of Inland Revenue (CCIRs) that all out efforts must be taken to safeguard revenue and to meet the budgetary target fixed for financial year 2022-2023 through intensified enforcement measures.
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The FBR chairman visited Karachi and remained in the city for three days. He chaired chief commissioners’ conference of eight field formations of Sindh and Balochistan held at Large Taxpayers’ Office (LTO) Karachi. Member Inland Revenue (Operations) Amjad Zubair Tiwana also accompanied the FBR chairman.
Detailed presentations regarding revenue collections for and up to month of October were given by all chief commissioners, further outlining the strategy for achievement of budgetary targets for November and the rest of financial year 2022-2023.
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The CCIR’s gave workable strategy and new avenues for achieving the revenue target for the current financial year.
The chairman also held a meeting with Karachi Tax Bar Association (KTBA). Rehan Jafri, KTBA President along with other members of the tax bar were present.
The tax bar raised operational and technical issues regarding Iris software relating to filing of returns.
The FBR chairman assured the bar of early resolution of the issue as highlighted. The chairman also expressed that bar and bench together are the cornerstone for smooth functioning of taxation system and also acknowledged efforts of KTBA in this regard.
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The chairman also visited KCCI and appreciated the contribution of the business community in achievement of budgetary target up to October, 2022. Zubair Motiwala and other members of the chamber raised various return-related issues and customs duties. Asim Ahmad assured them of early resolution of the issues.
Later, FBR chairman visited Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and met the officer bearers of the apex trade body.
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Issues regarding issuance of refunds and taxes levied on assets were discussed. The chairman assured the FPCCI of speedy issuance of refunds. Regarding, tax on assets, the chairman stated that the same was a revenue measure which is subjudice before the superiod courts.
