MULTAN: Chief Commissioner Regional Tax Office Multan Asim Ahmad has said that Chairman Federal Board of Revenue Tariq Pasha will announce uniform policy regarding pending sales tax refunds in the first week of September.
According to the details, refund clearance up to one million will be paid to business community very soon and time period for the payments of income tax refund claims of more than one million will be set with mutual consent of business community and Federal Board of Revenue.
Newly Appointed Chief Commissioner of Regional Tax Office Multan Asim Ahmad stated this during his visit in the Multan Chamber of Commerce and Industry Multan. One of the main reasons for delay in the clearance of these pending refunds and rebates are due to mistakes in the documentations and incomplete cases were put for Refunds.
He informed that Regional Tax Office Multan has issued Rs.300 million Sales tax Refunds during August and further pending refunds will be cleared very soon to resolve this issue.
President Chamber of Commerce and Industry Multan Khawaja Jalaludin Roomi told that only 0.9 million people out of 210 million population of the country file their tax returns and Federal Board of Revenue should broad their tax net of country to ease the existing taxpayers . He demanded that government should announce interest free loans and bond scheme to accommodate business community because their huge investments are ceased in terms of refunds and traders are in crisis condition.
President MCCI requested that Federal Board of Revenue to simplify the sales tax registration, new tax registration and corrections in the tax returns.
He ensured business community that Federal Board of Revenue will address their concerns over the pending rebates on exports, sales tax and Income tax refunds very soon.
