LAHORE: Overseas Investors Chamber of Commerce and Industry (OICCI) has criticised the Federal Board of Revenue (FBR) for unwise actions to discourage investors and termed the decision to defer the condition of submitting an affidavit a bid to ‘save its respect’.

“The OICCI acknowledges FBR’s decision to suspend the requirement for CFOs/authorised representatives to submit an affidavit along with the sales tax return for September. This step shows a responsiveness to the concerns raised by various stakeholders, including OICCI members,” said OICCI Chief Executive and General Secretary Abdul Aleem while talking to Dawn on Friday. He said implementing illogical conditions will force investors to rethink their investment plans or move abroad, advising FBR to take the business community on board while making important decisions.

Published in Dawn, October 19th, 2024