The tax advisory council has been formed to seek proposals on new taxation measures, provide necessary input on different tax policy matters, suggest ways and means to expand the tax base and propose legislation for making tax compliance law more effective, said a KCCI release here on Friday.
According to FBR, the tax advisory council includes all stakeholders : chartered accountants, academia, senior tax consultants, retired senior officers of customs and industrialists, presidents of various chambers of all four provinces including Karachi Chamber.
President KCCI Abdullah Zaki , while expressing gratitude to the government for setting up FBR's tax advisory council, said that the government's decision to take all stakeholders on board in the policy-making process will go a long way and help in resolving a number of tax-related issues being faced by the business community.
He said that for making FBR's tax collection system more effective, it must be completely reformed in consultation with various stakeholders who have been included in the Tax Advisory Council.
The reforms in tax collection system will help in bringing more tax-payers in the tax net.
He hoped that the government will continue to take every stakeholder on board and such advisory councils must also be introduced in other departments as well, which would not only help in restoring the confidence of business community but will improve performances of various public sector departments along with ensuring economic prosperity for the country.