ISLAMABAD

President, Islamabad Chamber of Commerce and Industry (ICCI) Muzzamil Hussain Sabri on Wednesday said that business community wanted to strengthen the economy by expanding tax net for the growth of business activities and benefits the economy.

While addressing the meeting at Islamabad Chamber of Commerce and Industry,he said ICCI has always been calling for confidence building measures on the part of government to remove trust deficit between taxpayers and tax collectors,according to press release issued by ICCI.

He said traders also showed reservations on new SRO which was issued without taking them into confidence and called for its withdrawal as the new criteria for sales tax collection under said SRO was creating troubles for them.

They said unrealistic sales tax notices have added to their problems because they have confusions over the formula of imposing the tax.

ICCI President said that before taking any new step or issue new SRO,Federal Board of Revenue(FBR) should take onboard to business community and chambers of commerce into confidence as decisions taken with consensus prove beneficial.

He stressed upon the government to take business leaders on board to discuss these important issues and till that time postpone the implementation of SRO 608 so that reservations of businessmen could be addressed.

The business community of the federal capital has protested against the installing devices at business premises to monitor sales and called upon the authorities to stop the department from such moves.

It would create lot of issue in business community and would create more distrust between the taxpayers and the tax authority.