According to a statement issued by the Ministry of Finance here Wednesday Federal Minister for Finance, Senator Mohammad Ishaq Dar will chair the first meeting of the Tax Reforms Commission.
The Commission was constituted last month with the resolve to facilitate the general public regarding tax issues and promoting tax culture in the country.
While the Commission also taking into consideration the suggestions of the people to improve the taxation system and improving the tax to GDP ratio for boosting the economy.
The Commission as its duties, shall undertake, review and rationalization of direct and indirect taxes, customs tariff rationalization, review of autonomy and administrative structure of Federal Board of Revenue and creation of border force to deal with illegal movement of persons and goods across the international borders.
The Commission would also take up any other related issue as it deems necessary.
The statement further said that revenue collection by the FBR is already exhibiting upward trend. FBR has collected revenue to the tune of Rs. 543 billion in the July-September quarter in current financial year as compared to Rs. 480 billion in the corresponding period last year.
With the establishment of the Tax Reforms Commission, revenue collection is expected to improve further, it added.