Daily The Business

Business community seeks respite against raining raids for tax audit

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LAHORE, March 13 – Business community has sought the LCCI help against

raining raids at business premises in the name of tax audit.

A delegation of Quaid-e-Azam Industrial Estate on Wednesday informed
the LCCI Senior Vice President Khawaja Shahzad Nasir and Vice
President Faheem-ur-Rehman Saigal that officials of Federal Board of
Revenue are conducting raids at various business houses without
issuing any prior notice and spreading harassment which is against the
ethics.

Chairman Lahore Township Industries Association (LTIA) Khurram Ilyas
was leading the delegation while Senior Vice Chairman LTIA Hafiz
Imran, Vice Chairperson Ms. Mehwish, Iqbal Baig Chughtai, Sheikh
Muhammad Ayub, Amjad Ali Jawa and a large number of industrialists
spoke on the occasion. They said that such anti-business measures of
the tax department are hampering the growth of business activities.
They demanded of the Federal Finance Minister Asad Umer to stop raids
at businesses and withdraw discretionary powers of the tax officials
otherwise government would not be able to meet its revenue target.

The Senior Vice President Khawaja Shahzad Nasir and Vice President
Faheem-ur-Rehman Saigal said that Federal Board of Revenue should
facilitate the business community in the larger interest of the
economy.

They said that these acts of the tax officials are not only defaming
the government but also vitiating the business atmosphere and keeping
people away from the tax net.

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