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FBR seeks proposals from chambers, other stakeholders for coming budget

FBR seeks proposals from chambers, other stakeholders for coming budget

LAHORE: The Federal Board of Revenue (FBR) has invited proposals from various stakeholders, including chambers of commerce across the country for the coming Budget for FY 2018-19 relating to sales tax and federal excise duty.

The FBR urged the stakeholders to follow instructions. The budgetary proposals should be pro-revenue and should focus on broadening of the tax base while amendments may be suggested in Sales Tax Act, 1990, Federal Excise Act, 2005, Sales Tax Rules, 2006, Federal Excise Rules, 2005, Sales Tax Special Procedure Rules, 2007, Sales Tax Special Procedure (Withholding) Rules, 2007 and sales tax notifications, circulars, general orders, clarifications, rules, federal excise notifications, circulars, general orders, clarifications, and rules.

The FBR said that amendment may be suggested with a view to achieve simplification, remove difficulties and anomalies, and to abolish any outdated and obsolete provisions. The requisite proposals may kindly be sent to the board as soon as possible, latest by February 22, 2018, the FBR said.

The Board informed through its letter to all the member, customs, Taxpayers Audit, Enforcement & Accounting, IR-Operations, FBR, Islamabad, the Director General, Post Clearance Audit, FBR, Islamabad, the Director General, Training & Research, (Customs, Inland Revenue), Islamabad, the Director General, Intelligence & Investigation (Customs, Inland Revenue) Islamabad, the Chief Commissioner, Large Taxpayers Unit (LTU) Karachi, Lahore, Islamabad, the Chief Commissioner,  Regional Tax Office (RTO) and chambers of commerce of Karachi, Lahore, Peshawar, Quetta, Abbottabad, Hyderabad, Islamabad, Rawalpindi, Multan, Faisalabad,  Gujranwala, Sialkot, Sukkur, Sahiwal and Bahawalpur.