FAISALABAD - Faisalabad Chamber of Commerce and Industry (FCCI) has completed its recommendations for provincial budget 2014-15 and forwarded them to the Punjab Government after due consultation with leading business and industrial associations of the city.
These proposals were discussed in a meeting which was also attended by office-bearers and representatives of All Pakistan Textile Processing Mills Association (APTPMA), Pakistan Hosiery Manufacturers Association (PHMA), Anjumane Tajran City, Anjuman-e-Tajran Aminpur Bazaar, Faisalabad Cloth Board, Industrialists Association of PISC, Powerlooms Association, Dyes & Chemicals Association, Sizing Association, Installment Association in addition to Director Excise & Taxation Faisalabad.
Engr. Suhail Bin Rashid, President FCCI said that majority of the associations have rejected Survey, categories and Valuation Tables for property tax and most of them have suggested 25 percent increase in the existing rate of property tax without indulging into the intricacies of classification and valuation. However, some associations said that due to slump in local market this rate should not be increased more than 10 percent. He said that APTPMA has demanded a separate category for industrial units housed in various rating areas of Faisalabad. They said that there should be only three categories (i) up to 2 acres (ii) from 2-10 acres and (iii) above 10 acres. The godowns and offices of the industrial units should also be considered part of the factory and industry rate should be applied on their offices and godowns. In order to facilitate the government to generate more funds, the participants of the meeting unanimously supported a proposal to increase lifetime token on motorcycle from Rs 1200 to Rs 2000. Similarly, the government should also levy and recover taxes from QuingQui Rickshaws as commercial vehicles. He appreciated the gesture of Kh. Amjad, Chairman PHMA that Government was heavily spending on development projects and now we are duty bound to contribute our share in the form of enhanced taxes and duties. Engr Suhail Bin Rashid also appreciated the various steps taken by the Punjab Government particularly the Excise and Taxation Department in regard to Computerization of Motor Vehicle and
Registration, Web based motor vehicle tax Calculator, SMS for verification of Token Tax and particulars of vehicles through 9966, un-detachable Number Plates, Scanning and Data entry of historical record etc. and assured government should discourage the practice of coercive measure employed by tax collectors as these were main cause of expanding tax net in Pakistan.