FPCCI opposes proposed FBR’s power of arrest on income concealment

Author: Agencies

The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday slammed the proposed legal change that would allow the arrest of people concealing income on mere doubt by tax officers.

In a statement, FPCCI leader Haji Qurban Ali said that giving the right of raid on a trader’s outlet/ office on the basis of doubt is totally immoral behaviour and it is unfair. He said there are already differences between the business community and the institutes like Federal Board of Revenue (FBR) and this proposed legal change will create lack of confidence between FBR and business community.

He said that FBR is historically habitual for harassment of businessmen and this environment has to be changed immediately if the government wants to build up business friendly relationships between FBR and trade and industry sector.

FPCCI leader Mirza Abdul Rehman said that the government should take back such decisions which affect businesses. He opposed the proposed legal change that would allow the arrest of people concealing income.

Earlier, FPCCI President Naaser Hyatt in a statement on behalf of the FPCCI, said that income tax is a civil liability and could not be treated as criminal liability. “This has always remained a civil matter historically.”

Naaser said section 203A will add to the already existing harassment of businessmen by tax officials through the issuance of several thousand notices. Finance Minister Shaukat Tarin’s timely intervention has resulted in the withdrawal of a big number of notices issued to the businessmen.

The FPCCI president said businessmen must be respected for generating taxes and employment for the country. The business should be conducted in harmony instead of in conflicts and contradictions created by the tax officials and their discretionary powers.

Share
Leave a Comment

Recent Posts

  • World

Trump names daughter Tiffany’s father-in-law as adviser

U.S. President-elect Donald Trump on Sunday said Lebanese American businessman Massad Boulos would serve as…

6 hours ago
  • World

UN chief defends plastic pollution talks after collapse

The UN environment chief insisted Monday that talks on a landmark plastic pollution treaty were…

6 hours ago
  • World

Desertification talks open in Saudi Arabia as experts fire warning

UN talks aimed at halting the degradation and desertification of vast swathes of land start…

6 hours ago
  • World

Norway suspends deep-sea mining projects: govt allies

Norway has suspended plans to start giving licences for deep-sea mining next year that had…

6 hours ago
  • World

Kosovo, Serbia engage in war of words after canal blast

Kosovo and Serbia continued to sling allegations at each other on Sunday, just days after…

6 hours ago
  • World

Cyclone Fengal toll rises to 20 in South Asia

The death toll from Cyclone Fengal's fierce push through Sri Lanka and southern India reached…

6 hours ago