No new tax levied on textile export: FBR chairman
Steps afoot to curb smuggling, under-invoicing, ATTA abuse
Brushing aside the impression of new taxes levied on the textile export, Chairman Federal Board of Revenue Shabbar Zaidi stressed on Monday that, Export sector already had [tax related] exemptions and they still have it. Speaking at a press conference, he said it was our policy to not impose any new taxes on the textile export, he elucidated.
Owing to a number of complaints regarding sales tax registration, the FBR chief told that the board has now automated the system. The FBR will gradually move towards a complete shift on automation and reduce the human involvement in the system, said Zaidi. A new FBR will be the one, which will be created with automation, he added.
Talking about the large scale transfers and appointments of the FBR officials, Zaidi said it was done in accordance with the law. A new FBR will be formed by the people who are present inside the entity today, he continued. About the harassing attitude of the FBR officials, Zaidi warned whoever was involved in such an act should not remain in the board.
He boastfully mentioned the success of the recent amnesty scheme across the country. Pakistan is facing a historic current and trade deficit, he pointed out while assuring that the Afghan transit trade and smuggling issue were being seriously addressed by the board.
Zaidi said the government is seriously considering steps to check smuggling, under-invoicing and abuse of Afghan transit trade agreement. He said these steps are important to help the local industry stand on its own feet.
He said we have to go towards industrialization to generate job opportunities for the people.
The Chairman FBR clarified that no new tax has been imposed in the new federal budget. He said sales tax registration has been automated. Shabbar Zaidi said that tax returns for the year 2018-19 can be filed by 2nd of next month. He said the government’s assets declaration scheme received an encouraging response from across the country.