PCDMA Urged for Restoration of Previous Income Tax Regime / Form

Karachi, November 16, 2018 (PPI-OT): Chairman Pakistan Chemicals and Dyes Merchants’ Association (PCDMA), Mr. Shahid Vaseem urged the FBR to restore previous Income Tax Regime of accepting advance tax as final tax liability for the Commercial importers of Industrial Raw materials and accept old tax return form instead of new form which is more complicated.

Chairman Pakistan Chemicals and Dyes Merchants’ Association (PCDMA) was speaking at a meeting during his visit to Pakistan Chemicals and Dyes Merchants’ Association’s Zonal office Lahore, where President Zonal Office Lahore Mr. Nasir Chugthai welcomed the Chairman. Mr. Abdul Rahim Khatri Convener Zonal office Lahore, Mr Amir Munir Ex-President and Mr Kashif Raza were also present.

Chairman Pakistan Chemicals and Dyes Merchants’ Association (PCDMA) offered his full cooperation and support to the President and Convener of Zonal office Lahore to solve the problems faced by the members.

He further said that this year, FBR has made the businesses attributes section mandatory, which was optional last year whereas it has been observed that the said attributes list is incomplete, leaving enough room for errors and misfiling which is likely to become a major cause of creating issues between FBR and Tax filers.

He urged FBR to provide level playing platform to the commercial importers of industrial raw materials and industrial importers of same raw material by charging identical taxes and rates to both; as commercial importers of industrial raw materials are supplying those materials to the export oriented industries. He demanded to the Chairman FBR to consider Pakistan Chemicals and Dyes Merchants’ Association’s suggestion in the interest of business community as well as FBR to increase the revenue for our country.

For more information, contact:
Secretary General
Pakistan Chemicals and Dyes Merchants Association (PCDMA)
Chemical and Dye House, Rambharti Street,
Jodia Bazaar, Karachi-74000
Tel: +92-21-32432752, +92-21-32439124
Fax: +92-21-32430117
Email: pcdma2@gmail.com
Website www.pcdma.com.pk