KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Thursday rejected SRO-351(1)/2014 issued by Federal Board of Revenue (FBR) and demanded of the government to withdraw it immediately.
Addressing a joint press conference at KCCI, Chairman Businessmen Group, Siraj Qasim Teli, President KCCI Amir Abdullah Zaki, Senior Vice President Muhammad Idress and Zubair Motiwala said that Nawaz Sharif government on one side was claiming that it was businessmen friendly government but on the other side taking steps which were totally against businessmen.
They said that instead of expanding tax net and bring new people in it, the government was pressing more and more those who were already paying tax and the new law SRO-351(1)/2014 was an example of it.
They said that under the new law absolutes power had been given to FBR official which would be used for harassment of business community. They said: “This law will not help government to increase its revenue but will lead to more corruption in FBR.”
They said that it should be restricted only to those people who did not have National Tax Number (NTN) in order to bring them to tax net or it should be totally abolished as businessmen who already paying their tax would not accept it at any cost.
They said that all sorts of protests would be used to resist the new law.
To a question, they said that they had also deliberated over strike but had not made any final decision in this regard yet.