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Karachi industrialists ‘disappointed’ after meeting PM Khan

  • Industry is 21% of the GDP but paying 71 % of the total tax
  • Services is 60% of the GDP but pay less than 6% of the total tax
  • Out 37 millions commercial electricity connection only 40 thousands are paying tax
  • Out of 0.32 millions industrial units only 14000 pay nominal tax.
  • Textile sector does business of PKR 2000 billion but pay tax of only PKR 6 billions instead -- get subsidy of PKR 200 billions on gas and electricity.
  • Recent data collected by FBR and NADRA shows there are 53 million people who own property worth of billions but pay no tax.
  • There are total 80 sugar mills out of them 72 are in loss hence no tax but donot forget to get subsidy from the Govt.
  • 300 top companies giving 80% of the total tax.
  • 50000 out of 110000 listed companies in stock are not even registered with FBR.
  • 30-40 % of the total 40 millions bank accounts are actually ghost accounts.
  • Agri sector is 26% of the total GDP but hardly pay few billions of rupees as tax.This year agri sector is going to get subsidy of 300 billions of rupees as well.
  • Power sector losses PKR 400-500 billions /year with total circular debt 0f PKR 1600 billions.
  • Gas sector losses PKR 100-150 billions with total circular debt of PKR 250 billions.
  • Sick units need PKR 300-400 billions/year to keep them running.
  • Gold market owes undeclared gold worth of PKR 4-5 trllions

This post my friend should go to the top.
 
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only_

email verified

your address, obviously, where will they deliver ?

nothing more, no govt IDs , no fones

pay them and take ur stuff, thats it

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i can pay using any method the seller and i agree. alipay, TT, WU, many accept cryptos ( no KYC )


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obviosuly , you wouldn't know, you have never done trading in your life !

i just ordered a shipment of 50 x bags PVC from khi. no verification, nothing, its 'trust' based


govt wants IDs so it can tax collect, , ( it wont happen though)


the way i see it, govt and FBRs would be 'begging' people for tax in near future

#pleasefundme
All 'tax defaulters' will have to pay taxes, or get ready for civil war and destruction of your houses and families even.

Do not test patience of the poor and middle classes for idefinite period. People like me won't led this matter slide this time.
 
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Everyone in Pakistan has a choice to make.. Save Pakistan or Avoid Taxation.

Avoiding taxation means your country is finished and so your families, children and grand children.. these tax defaulters don't know what will happen to their families when there is no country left to protect them..
 
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Don't worry, I am a tax payer ... :enjoy:
Yeah why not, start the hammer from the elite class/big industrialists/waderas etc., (you heard of any tax on waderas in this budget?) ------- I think you don't want to listen, let me say again:
1) reasonable Tax rates
2) Simplified Taxation system
3) Haram khors free FBR

You have any issues with these three points?
Don't defend 'tax evaders' then.

I agree with your 3 points though.
 
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Pervez Musharraf did not had mandate of people like PTI-led government, illogical comparison.

All 'tax defaulters' will have to pay taxes, or get ready for civil war and destruction of your houses and families even.

Do not test patience of the poor and middle classes for idefinite period.
What's people mandate?
Our Armed forces made way for PTi, otherwise PTi was not more than 40 seats party --- so whole Pakistan minus PTi boys knows the mandate of Imran Khan ( and BTW, I don't have any issues with army supporting someone -- I ain't a fan of democracy --- )

Yes the defaulters BIG waderas/industrialists/sugar mafia/lawyers mafia etc., etc., will have to pay tax+ Govt depts must end AYASHIS on tax payers money.

Yes exactly, don't test the patience of poors & middle class, right now they are abusing your legendary Imran Khan (you are so out of touch with ground realities)

All 'tax defaulters' will have to pay taxes, or get ready for civil war and destruction of your houses and families even.

Do not test patience of the poor and middle classes for idefinite period. People like me won't led this matter slide this time.
and the destruction of houses and families --- ask legendary Imran Khan to stop being slave to the imf, stop war with ALLAH swt' & Prophet Muhammad saw', otherwise humiliation awaits him. (He should learn from his predecessors)

Don't defend 'tax evaders' then.

I agree with your 3 points though.
Which ones I defended?
You agree not the govt --- Give a fair clean system and than ask for taxes.--- a govt which can't control corruption in govt depts have no right to ask for taxes.
 
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What's people mandate?
Our Armed forces made way for PTi, otherwise PTi was not more than 40 seats party --- so whole Pakistan minus PTi boys knows the mandate of Imran Khan ( and BTW, I don't have any issues with army supporting someone -- I ain't a fan of democracy --- )

Yes the defaulters BIG waderas/industrialists/sugar mafia/lawyers mafia etc., etc., will have to pay tax+ Govt depts must end AYASHIS on tax payers money.

Yes exactly, don't test the patience of poors & middle class, right now they are abusing your legendary Imran Khan (you are so out of touch with ground realities)
People in the military can cast a vote, right? :rolleyes:

Armed men were deployed at polling stations to prevent political interventions to influence voting process. Ghost votes could not be casted either because polling stations had lists of registered/eligible voters beforehand. For the first time in Pakistan, I saw decent homework and arrangements for polling.

So yes, mandate of people exist in the case of PTI-led GOP.

Lifafa journalists, criminal enterprise, and additional beneficiaries of criminal enterprise - all are trying their best to poison the minds of masses and moving focus away from real challenges of Pakistan. I no longer bother with pathetic talk shows of various news channels - lame barking contests. As if criminals can he swayed with mere talks....

Try to comprehend following ground realities.

1. The unfortunate trend of seeking economic bailouts from IMF must not continue/cannot continue for indefinite period.

2. International community is not stupid - Pakistan is in FATF grey list due to a large number of unaccounted for money trials including terror financing.

3. Pakistan have no choice but to comply with terms of FATF and put its house in order. IMF agreed to bailout Pakistani economy this time on the condition that FATF related concerns should be addressed at any cost.

4. PTI-led GOP or not, Pakistan cannot escape from the clutches of FATF on its own. Any leadership will have to do the needful.

If there are people in your circle who do not pay taxes, what advice you give them? I highlight the aforementioned 4 points and advice these people to do the needful (save their own skin).

So play your part in this matter (constructive) instead of complaining and whinning.

OR prepare for much worse - civil war; death and destruction; and more. Elites won't find any place to hide either.
 
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Everyone in Pakistan has a choice to make.. Save Pakistan or Avoid Taxation.

Avoiding taxation means your country is finished and so your families, children and grand children.. these tax defaulters don't know what will happen to their families when there is no country left to protect them..
agree but same can be said if govt cant cant leakages then also there is a chance that we wont have a country left to live!
 
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Yes the defaulters BIG waderas/industrialists/sugar mafia/lawyers mafia etc., etc., will have to pay tax+ Govt depts must end AYASHIS on tax payers money.


1) How come you didn't ask this question when PML_N AKA industrialist were in power not paying any taxes.
2) How come you didn't ask this question when pee pee pee (waders) in power
3) How come you didn't ask this question for last 70 years brother, when PEE PEE PEE and PML_N was (stealing) borrowing billions on your behalf and depositing in overseas accounts.
Why are you asking these questions when IK is trying to bring in all these into the tax net, why are you so bothered by it..
 
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1) How come you didn't ask this question when PML_N AKA industrialist were in power not paying any taxes.
2) How come you didn't ask this question when pee pee pee (waders) in power
3) How come you didn't ask this question for last 70 years brother, when PEE PEE PEE and PML_N was (stealing) borrowing billions on your behalf and depositing in overseas accounts.
Why are you asking these questions when IK is trying to bring in all these into the tax net, why are you so bothered by it..
PTi supporters are mostly found on social media, so I ask on social media ----- PMLn supporters used to be around me on ground, so I confronted them face to face, satisfied now??

rightly or wrongly in jail (Sharif and now zardari), I don't care, I know one thing that these people were given the authority by ALLAH swt', they didn't ruled by ALLAH 's rules, now They are being Humiliated.

Now Mr Khan has the authority, if he follows his predecessors, he will be humiliated too.

My life is simple, I don't blindly follow any ruler -- The guidance of Quran and Sunnah is before us, I don't need anything else.
 
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rightly or wrongly in jail (Sharif and now zardari), I don't care, I know one thing that these people were given the authority by ALLAH swt', they did ruled by ALLAH 's rules, now They are being Humiliated.

Are you saying THE ALMIGHTY GOD made them commit crimes? are you out of your freaking mind..
 
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It's good decision because all traders will breakdown there deals below 50,000 or 49,999 and make it unrecorded or untraceable. Now FBR can track all there deals.
 
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Won't go back on CNIC condition: FBR chairman
By Shahbaz Rana
Published: July 13, 2019
TWEET EMAIL
2012248-SyedShabbarZaidi-1562966477-868-640x480.JPG

Shabbar Zaidi. PHOTO: FILE

ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi on Friday said there is no political hand behind the agitation call given by traders but vowed that the government would not compromise on enforcement of its condition regarding the Computerised National Identity Card (CNIC) numbers.

The top tax chief addressed a hurriedly called news conference a day before the traders would observe a shutter-down strike in major cities against the government’s decision to link sales of goods by manufacturers to seeking CNIC numbers.

He also clarified that the government has not imposed any tax on sale of wheat flour and any increase in prices is because of reasons that have nothing to do with the FBR.
“The government would not back out from two issues of CNIC condition and withdrawal of zero-rating facility for five-export oriented sectors that are agitated by traders and industrialists,” he said.

“The traders’ bodies have political affiliations but I do not see any political hand behind the agitation call by them,” Zaidi said while responding to a question. “There is no central leadership of traders, which is hampering effective negotiations with them,” he added.

He said due to introduction of fixed sales tax regime, the small-sized traders should not be worried about the CNIC condition. Only those persons can collect 17% sales tax who are registered with the FBR and these are only 47,000 people, he added.

The CNIC is the key documentation measure of imposing a condition whereby businesses need to obtain CNIC from buyers purchasing goods worth more than Rs50,000. It has been criticised by the industry at large. “The CNIC issue has been blown out of proportion to frustrate the government’s efforts to broaden the sales tax net,” said Shabbar Zaidi.

He said only 47,000 registered manufacturers would be affected by the CNIC condition and the FBR has not yet begun the process of bringing the nearly 300,000 remaining industrial consumers in sales tax system.

“Total number of industrial electricity connections is 341,000 whereas there are only 47,000 sales tax registered persons. There are more than 3.1 million commercial electricity connections, while more than 90 per cent of them are outside the tax system,” he said.

In a letter to prime minister, Shabbar Zaidi had acknowledged that the tax burden on manufacturing sector is enormous that he wants to lessen it by bringing more people in the net. Zaidi said some businessmen want to take other benefits by exploiting the CNIC condition

What is at stake for FBR

An analysis of 35 sectors by the FBR from July 2014 to March 2019 revealed that about 40% of the total sales of these sectors were to the unregistered persons, which was causing evasion of both the income tax and the sales tax.

Out of 35 sectors, more than half of the sales of 17 sectors were to the unregistered persons.

These sectors are sugar, beverages, automotive, ghee, electric goods, cement, food processing, leather products, iron and steel, plastic products, fertilizers, poultry and animal feed, paints, glass, fruit juices, cosmetics, soaps, ceramics and agriculture goods.

The FBR estimated the total sales of 35 sectors at Rs12.6 trillion and Rs5 trillion or 39.4% were to the unregistered sectors during this period. The sugar sector sales were estimated at Rs713 billion and Rs521 billion or 73% were to the unregistered persons. The gas distribution sector sales have been estimated at Rs1.8 trillion and Rs496 billion or 28% were to the unregistered entities.

Another major source of revenue leakage was the sector of beverages and aerated water. The sector’s total sales amounted to Rs803 billion and Rs438 billion or 54.5% were to the unregistered persons.

The automotive sector’s total sales were Rs571 billion and Rs405 billion or 71% were to the unregistered persons. The ghee manufacturers sold Rs458 billion worth of production and Rs352 billion or 77% were to the unregistered persons.

The electric manufactures sold Rs327 billion or 47.5% of their production to unregistered dealers. The sector’s total sales amounted to Rs690 billion. The food processing sector had Rs303 billion sales and Rs228 billion or three-fourth were to the unregistered persons, according to the FBR.

The fertilizer and pesticides manufacturers sold 79% of their production to unregistered persons amounting Rs108 billion. The poultry and animal feed sold Rs85 billion worth of production to unregistered sector that was 90% of its total sales.

The cosmetics’ total production was Rs14.2 billion and Rs12 billion or 85% was to the unregistered persons. The FBR wanted to capture this 40% untapped sales through the CNIC but the manufacturers were not cooperating.

Online sales tax system not yet working

The Member Inland Revenue Hamid Attiq Sarwar had told the Senate Standing Committee on Finance that if manufacturers did not want to tell about those unregistered persons who purchased goods from them then they should not complain about the tax burden.

“The government’s hands are tied and it is not in a position to offer any concession on tax rates to five export oriented sectors or relax the CNIC condition because of the IMF programme,” he said.

Also, the FBR on Friday also transferred 503 customs officers occupying ranks of inspector, appraiser and chief appraiser who were serving on major stations.

The government has already transferred 3,150 officials of Inland revenue service of FBR.


Read more: chairman , CNIC , condition
 
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