Public and private sectors should overcome their inherent if sustained growth has to be achieved, said Abdullah Yusuf, Chairman Central Board of Revenue (CBR). He was addressing the certificate distribution ceremony for assistant collectors of 33rd CTP at the Institute of Chartered Accountants of Pakistan (ICAP) Auditorium, here on Saturday.
Yusuf said that weaknesses have been identified in both the sectors, therefore, public and private sectors should identify solutions to meet international standards. He said that tariff structure was ideal in the country but facing challenges of international trades needed to be addressed. He said that at Karachi International Containers Terminal (KICT) the dwell time of cargo had been cut to few hours as compared to six to seven days in the past.
About the issue of steel traders, he said that their demand of reducing sales tax from 20 percent to 15 percent had been accepted and remaining issues would be resolved. On a question whether provinces should be given authority to collect sales tax he said that whoever collects revenue it would go to national kitty.
CBR Chairman congratulated the young officers on completion of their departmental training and urged them to serve the country with dedication in line with CBR's reform policy. The reform and up-gradation of training is one of the objectives of the CBR, which is committed to provide full support and all resources for the qualitative growth of training.
Muhammad Talha, Member (HRM) said that by implementing the reform programme and its human resource management policy, the CBR had achieved another milestone. Mukhtar Ahmed Gondal, Director General, Large Taxpayers Unit, Karachi, Asrar Raouf, Director General, Regional Tax Office, Karachi and other tax officials were also present.
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