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Print Print edition: 2023-09-29

Shamshad-led task force to introduce tax reforms

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ISLAMABAD: A task force has been formed for tax reforms, and caretaker Finance Minister Dr Shamshad Akhtar has been made its chairperson.

According to a notification, Dr Manzoor, Dr Musharraf, Amanullah Amir, Aamir Ejaz Khan, Khalid Mehmood and Federal Board of Revenue (FBR) chairman Amjad Zubair Tiwana will also be part of the task force.

FBR’s Arshad Saleem Tariq has been appointed as secretary of the task force.

Domestic collection improvement: FBR presents strategy to Shamshad

The task force will prepare proposals to increase tax revenue. It will also make recommendations to remove the loopholes in the tax system.

The task force will also suggest measures to eradicate tax evasion. It will come up with a strategy to combat trafficking and limit tax exemptions.

The task force will suggest short- and long-term strategies to increase tax revenue by using modern technology.

Taxes FBR tax revenue tax reforms tax exemptions tax evasion tax system FBR chairman task force Dr Shamshad Akhtar Amjad Zubair Tiwana caretaker finance minister

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Arif Sep 29, 2023 09:50am
An example of how lopsided our tax system is , If you are a so called ‘non filer ‘ you pay flat 30% Tax on interest income , irrespective of the amount you get in a year . If you are a tax filer and your interest income is more than 6 million , you pay 35% tax .
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Notsurprised Sep 29, 2023 12:20pm
Task force for repeating what WE ALREADY KNOW for decades? That you favour and protect rent-seekers and informal/unregistered businesses, and never touch agricultural and property trading income? Do you have the guts to make even one change, led by someone as irrelevant and amateur as Kakar? Don't waste our time. Just go and beg for more loans, while enjoying the protocols funded by tax payers.
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