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The Federal Board of Revenue (FBR) spokesman and Inland Revenue Member Shahid Asad said that SRO-608 would not be withdrawn.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 business. The certificate should carry name, father’s name, CNIC, business place, business nature and work force. The provincial governments should be assigned to collect fee. This would generate revenue. The FBR can also be assigned to collect the fee.
Talking to Customs Today, he said if someone changed the venue of business he should get another certificate and pay fresh fee. He said the traders were giving zero return for the last three years. No one has mentioned income more than Rs 1 million. This is not in the country’s favour. There is a dire need to bring them in documentation so that they would pay taxes. He said if the traders get themselves registered then their income would increase. Asad said it would also be easy for the government to cut their income tax and sales tax returns.
