- KCCI criticized new Sections 37A and 37B of the Sales Tax Act as harmful to taxpayers.
- KCCI President Jawed Bilwani argued that only a small percentage of taxpayers are fraudulent, yet the majority face harsh measures.
- 60% of Pakistan’s economy is undocumented, while registered taxpayers face harassment.
- New arrest powers for FBR officials are seen as excessive and damaging to business and investor confidence.
- KCCI, BMG, and trade associations launched a protest campaign against these laws.
- Critics say FBR fails to distinguish between fraudsters and genuine taxpayers.
- Courts often rule in favor of taxpayers, highlighting enforcement flaws.
- The government ignored the consultative process, sidelining the Business Anomaly Committee.
- Bilwani called for the repeal of Sections 37A and 37B and the formation of a high-level committee.
- KCCI emphasized that the business community will not remain silent against these laws.
- Other chamber presidents supported KCCI’s stance.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
