Federal Tax Ombudsman To Establish A Help Desk At KATI
Umer Jamshaid Published August 07, 2024 | 09:24 PM
Federal Tax Ombudsman Dr. Asif Mahmood Jah, Wednesday, announced setting up a help desk at the Korangi Association of Trade and Industry (KATI) to address the tax issues faced by industrialists
KARACHI, (UrduPoint / Pakistan Point News - 7th Aug, 2024) Federal Tax Ombudsman Dr. Asif Mahmood Jah, Wednesday, announced setting up a help desk at the Korangi Association of Trade and Industry (KATI) to address the tax issues faced by industrialists.
The FTO, while addressing the industrialists and businessmen during his visit to KATI, said that the initiative was also aimed at increasing awareness among the public and business community about the services being offered by the Federal Tax Ombudsman (FTO).
Dr. Jah highlighted that the FTO is an independent authority mandated to resolve tax-payers’ complaints within 60 days while the current average time for deciding on the lodged complaints was 38 days. Of the 550 appeals filed with the President- the only appellate authority for FTO- as many as 490 decisions by the FTO were upheld, he added.
During the year 2021, the FTO resolved refund complaints cumulatively amounting to Rs. 17.8 billion, he said adding that swift resolution of complaints from 800 individuals regarding sales tax on vehicles, resulted in refunds totaling to Rs.
55 million.
Dr. Jah assured taxpayers that they can report complaints without fear, and no unwarranted notices or audits would be issued.
President KATI Johar Qandhari highlighted the tax related issues faced by industrialists and the business community including notices and audits, difficulties in filing tax returns and delays in refunds.
Deputy Patron-in-Chief KATI Zubair Chhaya stressed on the need of expanding the tax net and documentation of the economy. Senator Abdul Haseeb Khan emphasized the need for greater public and business awareness of the FTO’s role.
Chairman KATI Standing Committee Tariq Malik lauding Dr. Jah’s efforts noted significant increase in the number of resolved complaints from over 2,000 in 2021 to more than 8,000.
The event was also attended by Senior Vice President KATI Nighat Awan, Vice President Muslim Mohammadi, FTO officials Dr. Faiz Elahi Memon, Badruddin Qureshi, Dr. Fazal Mohammad Abrejo, Gul Rehman, Abid Mehmood, Shahid Nawaz and a large number of industrialists and members.
Related Topics
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 15 September 202 ..
Today Gold Rate in Pakistan 15 September 2024
Reserved seats case: SC majority judges warns ECP of ‘severe repercussions’ ..
Russia, Ukraine exchange prisoners due to UAE mediation efforts
Fazl declines to back govt on judicial extensions, constitutional amendments
PM directs to finalize E-Vehicles policy by November
Interior Minister condemns blast near police mobile in Kuchlak
Female polio worker allegedly raped, robbed in Jacobabad
Legal Aid Society and Bond Advertising join forces to launch “Awaz Sab Ki” a ..
Fee E-motorbikes for students; check eligibility here
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 14 September 202 ..
Today Gold Rate in Pakistan 14 September 2024
More Stories From Business
-
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 15 September 2024
7 hours ago -
Today Gold Rate in Pakistan 15 September 2024
8 hours ago -
Managing exports only way to achieve sustainable economic growth: Ahsan Iqbal
19 hours ago -
Gold price surges
22 hours ago -
Jam pushes for licensed fuel stations to boost Balochistan's economic growth
22 hours ago -
Gold rates up by Rs.400 per tola to Rs.266,300
22 hours ago
-
Chairperson of PERWAKILAN hosts coffee morning during Malaysian Culture show
23 hours ago -
Malaysian high Commissioner pays courtesy call on Foreign Secretary
23 hours ago -
PM directs to finalize E-Vehicles policy by November
24 hours ago -
Commerce minister oil marketing giants eye expansion with 'Oil City' Plan'
1 day ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 14 September 2024
1 day ago -
Today Gold Rate in Pakistan 14 September 2024
1 day ago