FBR to develop one-page tax form to facilitate taxpayears: Haroon Akhtar

FBR to develop one-page tax form to facilitate taxpayears: Haroon Akhtar

ISLMABAD: Federal Board of Revenue (FBR) will facilitate taxpayers and focus on non-filers by enhancing taxes on them to improve the tax revenue of the country a simplified and one-page tax form would be developed for taxpayers of certain sectors.

This was stated by Prime Minister’s Special Assistant on Revenue Haroon Akhtar Khan, while talking to business community during his visit to Islamabad Chamber of Commerce and industry.  ember (IR Policy), Muhammad Zahid Member (Customs), Shaukat Ali DG I & I Customs and Shad Muhammad DG I&I IR.

Zahid Latif President, Nasir Mirza Senior Vice President and Khalid Farooq Qazi Vice President, Rawalpindi Chamber of Commerce and Industry were also present at the occasion.Haroon Akhtar said that FBR was determined to bring businesses into documentation and difference in tax rates for filers and non-filers would be further enhanced to push non-filers towards the formal sector.

FBR was connecting with NADRA and provincial authorities to promote documentation, adding that government was also working on many tax reforms to provide friendly environment to taxpayers, he added. He said excluding agriculture, tax-to-GDP ratio has increased from up to 14 percent to 15 percent.

FBR was likely to get over 1.4 million filers this year, adding that audit process would be streamlined to facilitate taxpayers. He said Alternate Dispute Resolution Committee would be further refined for quick resolution of tax disputes.

He assured that the proposals of business community would be given due consideration while finalizing coming year budget.

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