KCCI urges FBR to restore previous system

KARACHI: President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, has urged the Federal Board of Revenue (FBR) to extend the last date for filing of Income Tax Returns and wealth statements as the taxpayers were facing immense hardships and were unable to timely submit their Returns through the faulty IRIS system.

In a statement issued on Thursday, President KCCI demanded that FBR must restore the previous online system for filing of Income tax Returns in order to give relief to taxpayers who are trying to submit their returns online but the existing IRIS system continues to give errors and the taxpayers are finding it difficult to submit their Returns online via IRIS web portal.

“The old system for filing income tax returns was functioning flawlessly and nobody faced any problems in filing their returns last year but this year, it has been replaced with the faulty IRIS system. We are unable to understand why FBR has implemented such a system which instead of facilitating taxpayers, has created more problems and intensified the hardships for taxpayers”, he added.

He said that the Karachi Chamber has been receiving dozens of complaints everyday about the IRIS system and FBR authorities have already been informed about the grievances being faced by the business community. “I personally spoke to Chairman FBR, Tariq Bajwa today in order to brief him about business community’s concerns as the prevailing situation has triggered anxiety amongst businessmen and industrialists who are constantly approaching KCCI for assistance”, he added.

Reiterating KCCI’s demand to replace IRIS with the old system and seeking extension in last date for filing income tax returns, the President KCCI said that FBR must seriously review the overall situation and take remedial steps in order to give some relief to taxpayers and save the national exchequer from suffering revenue losses. KCCI fears that if the situation goes on like this, it will surely have a negative impact on revenue collection target as thousands of taxpayers will not be able to file their returns and wealth statement on time, he added.”

The post KCCI urges FBR to restore previous system appeared first on Pakistan Press International.

Karachi: Nestlé Pakistan recently signed an agreement with Oxford University Press for curriculum development for
Karachi: Karachi Water and Sewerage Board (KWSB) here Thursday declared illegal constructions and encroachments over
KARACHI: Four persons, including a woman, were injured in a traffic incident in Nazimabad area