Home »Taxation » Pakistan » Annual Turnover Tax: FBR urged to stop RTOs from sending notices
Karachi Chamber of Commerce & Industry (KCCI) president Junaid Esmail Makda has urged the Federal Board of Revenue (FBR) to issue necessary instructions to all RTOs for refraining from sending notice for the unjust annual turnover tax to members of Pakistan Yarn Merchants Association (PYMA) till the issue is resolved as the Annual Turnover Tax, which was 0.1 percent, was inadvertently being charged at 1.0 percent.

In a letter sent to FBR Member (Inland Revenue-Policy) Dr Hamid Ateeq Sarwar, KCCI president referred to a meeting between KCCI delegation and FBR authorities held recently at FBR House in Islamabad in which this particular issue was also thoroughly discussed with Member IR-Policy and other officials who assured to resolve the same in due course but no correction has been done so far in SRO333 (1)/2011.

Copyright Business Recorder, 2019


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