RCCI calls on Chairman FBR to withdraw Fixed Tax in electricity bills
By our correspondent
Rawalpindi
According to the sources of Daily Notable, The fixed tax imposed on electricity bills for traders should be withdrawn. The fixed tax has been imposed on electricity bills indiscriminately and without any category. The budget speech and finance bill 2022-23 has a contradiction with respect to procedure and the slab.
It is very unfortunate that those who have received a electricity bill of Rs 100 have also been sent a tax of Rs 3,000. Tier 1 category should be maintained for the Jewelry sector on the basis of thousand square feet.
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These views were expressed by Rawalpindi Chamber of Commerce and Industry (RCCI) President Nadeem Rauf in a meeting with Chairman FBR Dr. Asim Ahmed in Islamabad. Member Planning and Member Customs were also present in the meeting. Former Presidents Najam Rehan, Raja Aamir Iqbal, Malik Shahid Saleem, representatives from Anjuman Tajran, Sheikh Hafeez, Fayaz Qureshi, Executive Member Waseem Riaz, Chamber Member Khalil Noon were also present in the meeting.
Chamber President Nadeem Rauf said that declared property should be exempted from deemed income tax, and notices should be issued to non-filers.
17% sales tax on bakery products is excessive, these are daily items and there is no luxury on which 17% is levied, he added.
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We demand that the harassment be stopped. Filers should be given incentives as this will help in documenting the economy, he said.
Chairman FBR Dr. Asim assured the delegation that the Finance Minister is looking into the issue of fixed tax and it is being advertised through newspapers and media that if the tax has been wrongly calculated, it will be adjusted in the future bills.
Chamber suggestions regarding tax on deemed rental income are laudable. Chairman FBR welcomed the proposal of the Chamber related to broadening the tax net and also issued instructions for immediate restoration of Tax Advisory Committees at Regional Tax Office level. – PUNA