FBR agrees to revise e-filing system

KARACHI: The Federal Board of Revenue (FBR) has agreed to revise its sales tax returns e-filing system, which has led to declaration of around 10,000 taxpayer companies as ‘Risky’ and ‘In-active’ and created serious problems for these companies to operate.

During a meeting with the members of Karachi Chamber of Commerce and Industry (KCCI) here on Saturday, FBR Member Domestic Operations Mohammad Ramazan Bhatti agreed to the demand of KCCI leadership that FBR’s existing sales tax collection automation system needed to be revisited and made as trade promoter instead of trouble creator for the business people who filed their returns electronically.

The scheme, which is the part of the FBR’s automation drive, would remain suspended till January 1, 2010, when it is overhauled with detailed consultation with stakeholders/business community.

The chamber constituted a 12-member committee headed its former president Haroon Farooki to sort the problem with the FBR. —APP