Karachi: Salim Valimuhammad, Chairman of the Pakistan Chemicals and Dyes Merchants Association (PCDMA), has raised concerns about the Federal Board of Revenue's (FBR) escalating compliance requirements. He cautioned that these demands could lead to a repeat of last year’s revenue shortfalls.

Speaking at a post-budget meeting with PCDMA members, Valimuhammad criticized the FBR for introducing new compliance measures without consulting the business community. He pointed out ongoing issues with filing accurate sales tax returns for March and April 2025, attributing these difficulties to the FBR's frequent changes.

Valimuhammad highlighted the challenges posed by the proposed e-invoicing and e-filing systems in the 2025-26 budget. He argued that these measures were implemented without stakeholder input, adding to the burdens faced by businesses already struggling with low growth. He urged the FBR to address existing filing challenges before adding new compliance requirements.

PCDMA members also expressed frustration over the expanded discretionary powers granted to FBR officials, which they believe lack sufficient safeguards. Valimuhammad called for the creation of a joint committee with trade bodies to review any coercive actions by the FBR.

While the association supported the FBR’s crackdown on non-filers and the introduction of a new taxpayer classification system, it emphasized that revenue targets will remain unachievable unless compliance policies are streamlined. Valimuhammad concluded that arbitrary measures could harm both businesses and the FBR's objectives.