By Nasir Dehlvi
KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has formally requested the Federal Board of Revenue (FBR) to postpone the implementation of the Trader-Friendly Scheme and to withdraw notices issued to small shopkeepers and traders. The call for action follows concerns over recent demands from the FBR.
In a statement released by the KCCI, the Chamber expressed strong objections to the FBR’s requirement for small traders to deposit Rs. 60,000 monthly. This mandate has been described as burdensome and challenging for small businesses, leading to the Chamber’s demand for the immediate withdrawal of these notices. The KCCI has also called for a three-month delay in the implementation of the Trader-Friendly Scheme, suggesting that additional time is needed to address the issues raised by the new regulations.
The KCCI’s statement further criticized the FBR for its approach to negotiations, alleging that the tax authorities have not engaged adequately with top taxpayers. The Chamber specifically mentioned Naeem Mir, accusing him of representing the FBR’s interests rather than advocating for the traders. The KCCI also suggested that the issuance of notices to both registered and unregistered traders appears to be a deliberate attempt to undermine the Trader-Friendly Scheme, rather than facilitating its successful implementation.
This appeal from the KCCI reflects ongoing tension between the business community and tax authorities, highlighting concerns over the impact of new tax regulations on small businesses and the need for more constructive dialogue and negotiation between stakeholders.
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