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PM directs FBR high-ups to reform taxation system

PM directs FBR high-ups to reform taxation system

ISLAMABAD: Prime Minister Nawaz Sharif has said that FBR should reform the taxation system to facilitate the taxpayers. He also directed FBR officials to decrease the rates of Income tax, Sales tax and other duties.

The Prime Minister said this while chairing a meeting on reforms in FBR and measures to provide relief to the taxpayer at the PM House.

The meeting was attended by Minister for Defense Khawaja Asif, Minister for Finance Ishaq Dar, Minister for Interior Chaudry Nisar, Minister for Petroleum Shahid Khaqan Abbasi, Minister for Railways Khawaja Saad Rafique and senior government officials.

The PM directed that a comprehensive reform package should be introduced in FBR which should simplify the procedures and enhance the tax returns. He directed to bring in a tax regime which helps the businesses grow.

In order to simplify the procedures and provide swift services to the taxpayer, PM directed to introduce new technology and tracking system to minimize the discretion of the tax officer. He stressed that the tax officers should facilitate people so that they feel comfortable. PM directed FBR to come up with reform package in one month.

He directed that the income tax, general sales tax and Customs slabs should be rationalized and simplified so that it leads to increase in revenue.

PM observed that corruption is the root cause of all our problems and it has eaten up our economy. He directed that the management of FBR to observe zero tolerance toward the corruption.