AIRLINK 76.15 Increased By ▲ 1.75 (2.35%)
BOP 4.86 Decreased By ▼ -0.09 (-1.82%)
CNERGY 4.31 Decreased By ▼ -0.03 (-0.69%)
DFML 46.65 Increased By ▲ 1.92 (4.29%)
DGKC 89.25 Increased By ▲ 1.98 (2.27%)
FCCL 23.48 Increased By ▲ 0.58 (2.53%)
FFBL 33.36 Increased By ▲ 1.71 (5.4%)
FFL 9.35 Decreased By ▼ -0.01 (-0.11%)
GGL 10.10 No Change ▼ 0.00 (0%)
HASCOL 6.66 Decreased By ▼ -0.11 (-1.62%)
HBL 113.77 Increased By ▲ 0.17 (0.15%)
HUBC 143.90 Increased By ▲ 3.75 (2.68%)
HUMNL 11.85 Decreased By ▼ -0.06 (-0.5%)
KEL 4.99 Increased By ▲ 0.12 (2.46%)
KOSM 4.40 No Change ▼ 0.00 (0%)
MLCF 38.50 Increased By ▲ 0.10 (0.26%)
OGDC 133.70 Increased By ▲ 0.90 (0.68%)
PAEL 25.39 Increased By ▲ 0.94 (3.84%)
PIBTL 6.75 Increased By ▲ 0.22 (3.37%)
PPL 120.01 Increased By ▲ 0.37 (0.31%)
PRL 26.16 Increased By ▲ 0.28 (1.08%)
PTC 13.89 Increased By ▲ 0.14 (1.02%)
SEARL 57.50 Increased By ▲ 0.25 (0.44%)
SNGP 66.30 Decreased By ▼ -0.10 (-0.15%)
SSGC 10.10 Decreased By ▼ -0.05 (-0.49%)
TELE 8.10 Increased By ▲ 0.15 (1.89%)
TPLP 10.61 Decreased By ▼ -0.03 (-0.28%)
TRG 62.80 Increased By ▲ 1.14 (1.85%)
UNITY 26.95 Increased By ▲ 0.32 (1.2%)
WTL 1.34 Decreased By ▼ -0.02 (-1.47%)
BR100 7,957 Increased By 122.2 (1.56%)
BR30 25,700 Increased By 369.8 (1.46%)
KSE100 75,878 Increased By 1000.4 (1.34%)
KSE30 24,343 Increased By 355.2 (1.48%)
Business & Finance

Senate body hails FBR reforms process

ISLAMABAD: The Senate's Committee on Delegated Legislation on Wednesday hailed the reforms and automation process in
Published July 31, 2019

ISLAMABAD: The Senate's Committee on Delegated Legislation on Wednesday hailed the reforms and automation process initiated by the Federal Board of Revenue (FBR) to improve its performance.

The committee, which met under the chairmanship of Khuda Babar, was of the view that streamlining of FBR affairs would help facilitate general public in going through tax-filing process.

The committee also emphasized on introducing the best international practices, wherein less human interferences through use of modern technological tools was made possible.

The Senate body was briefed by FBR officials on the subordinate legislation; rules, regulations, orders, SROs, bylaws schemes. It was informed that the acts of Parliament and rules and regulations related to the FBR were available on the latter's  website.

The committee decided to go through all the pieces of parent and subordinate legislation.

FBR Chairman Shabbar Zaidi told the committee that one of the objectives of FBR  was to make the tax system simpler and implementable.

He clarified before the committee that no consumer item had been additionally taxed, except sugar the tax of which had gone up from 11 % to 17 %.

On the complaint of members that many stores were charging sales tax other than the tagged prices on products, an FBR official said that an SRO was being issued to all the clothing markets to include the tax in the tagged price and no money could be overcharged after going to counters.

The committee also discussed issues faced by public in filing of tax returns, mobile phone registration, and taxation in ex-FATA.

Among others, the meeting was attended by senators Dr Asad Ashraf, Saleem Zia, Rubina Khalid, Kalsoom Parveen, Mir Hasil Bizenjo, Min Raza Rabbani and Mirza Muhammad Afridi, besides FBR chairman and other senior officials.

Copyright APP (Associated Press of Pakistan), 2019
 

Comments

Comments are closed.