Affidavit condition for exporters deferred

The Federal Board of Revenue (FBR) has deferred the condition of submitting an affidavit together with the sales tax return for one month to address exporters’ concerns. As per the decision, affidavits will not be required for returns filing for the tax period of September to be filed this month. The decision came after the Federation of Pakistan Chambers of Commerce and Industry and other leading exporter associations expressed concerns that the condition has caused hardship for businesses. The FBR will receive alternative proposals from the stakeholders till Oct 31 to curb the menace of falsified sales tax returns. The FBR may modify the particulars of the affidavit where valid concerns of stakeholders do exist.