close
Advertisement
Can't connect right now! retry

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!

add The News to homescreen

tap to bring up your browser menu and select 'Add to homescreen' to pin the The News web app

Got it!
October 18, 2019

Traders urged to abide by tax laws

Business

October 18, 2019

LAHORE: Documentation is a must for economic growth and cooperation of business community is of utmost importance for the government, an official said on Thursday.

“Trust-building between business community and FBR (Federal Bureau of Revenue) would help tackle issues in a winsome manner,” said Asim Majid Khan, Commissioner Income Tax Lahore, speaking at the Lahore Chamber of Commerce & Industry (LCCI).

Khan said everyone should fulfill his/her responsibility by paying taxes, adding that the FBR had taken good measures regarding bank account attachment and audit.

“We are ready to talk with traders at the platform of the LCCI,” Khan said and added that our doors would always remain open for the business community. The commissioner agreed with the LCCI that genuine refunds should be paid as soon as possible.

Speaking on the occasion, Irfan Iqbal Sheikh, president LCCI, said,” Misuse of discretionary powers by the tax officials is hampering the smooth running of businesses and coming in the way of tax net expansion”.

Topstory minus plus

Opinion minus plus

Newspost minus plus

Editorial minus plus

National minus plus

World minus plus

Sports minus plus

Business minus plus

Karachi minus plus

Lahore minus plus

Islamabad minus plus

Peshawar minus plus