KARACHI: Business community has welcomed stance of new FBR chairman for restricting the discretionary powers of Federal Bureau of Revenue officials.
President SITE Association of Industry Saleem Parekh said the balanced approach on handling recoveries taken by the freshly appointed Chairman FBR would help the business community.
“The condition of the chairman’s approval before seizing bank accounts would make the process transparent by limiting the discretionary powers of field officers,” Parekh said.
It is expected that the chairman will devise policies that will channel the full force of FBR on broadening the tax base instead of subjecting the current tax payers to different types of annual audits, he said.
Parekh said the chairman must realize that the only way to broaden the tax base is to make the cost of doing business of non-filers more than the cost doing business of filers.
Muhammad Saqib Goodluck, Chairman, Pakistan Yarn Merchants Association (S & B Zone) has suggested new FBR Chairman Shabbar Zaidi to consult with the stakeholders before finalizing any policy related to tax regime.
In a statement Saturday he said the new chairman has taken business friendly decisions towards the promotion of economical and commercial activities, while taking charge of his new responsibilities.
He said that business community faces a number of issues from FBR, particularly harassment to business community had become a routine.
Business community appreciates the orders from new chairman for stoppage of harassment towards business community, he said.
Saqib Goodluck said that the country would only succeed economically when a favorable business environment on equality is provided.
However, he said, Shabbar Zaidi possess all required capabilities to turn FBR business friendly, which could move the country on way to economic progress which will generate visible revenue for the government.
The businessmen community is of the view that the FBR chairman would have to work hard to keep his stance intact against the powerful bureaucracy.