Engr. Daroo Khan Achakzai hails Non Attachment of Bank Accounts without prior notice and Chairman FBR approval : AsiaNet-Pakistan

Engr. Daroo Khan Achakzai hails Non Attachment of Bank Accounts without prior notice and Chairman FBR approval

May 13, 2019 | General Business News | Share:

Karachi, May 13, 2019 (PPI-OT): Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has hailed the directive of the newly appointed Chairman, Federal Board of Revenue (FBR) Shabbar Zaidi, for not attaching the bank account of a taxpayer unless his Chief Executive Officer / Owner is informed at least 24 hours prior to attachment and approval of the Chairman FBR is obtained.

He informed that the FPCCI have been clamouring for long for keeping a deterrent against the misuse of discretionary powers by the tax officials for recovery of arrears and attachment of bank account under Section 48 of Sales Tax Act, 1990 and Section 140 of Income Tax Ordinance 2001.

The FPCCI Chief elaborated that there were increased incidences of bank account attachment and other serious coercive measures taken by the tax officer under the garb of the Section 48 for recovery of arrears and such abuse of powers were creating trust deficit and lack of confidence of taxpayers in law which are pre-requisite for success of any scheme.

Engr. Daroo Khan Achakzai hoped that the directive would address the complaints of business community about the unnecessary attachments of the bank accounts for recovery of the disputed accounts from the bank accounts of the taxpayers without fulfilment of legal process. “In many cases accounts have been attached without prior notice of the CEO / principle officer owner of the business community”, he added.

For more information, contact:
Head Office,
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
Federation House, Main Clifton, Karachi, Pakistan
Tel: +92-21-35873691-94
Fax: +92-21-35874332
Email: info@fpcci.org.pk
Website: http://fpcci.org.pk/

Tags:

Category: General Business News