FBR should reform the taxation system: PM

December 30, 2013 Off By Web Desk

Islamabad: Prime Minister has said that FBR should reform the taxation system so that the taxpayer is facilitated. He also directed to decrease the rates of Income tax, Sales tax and other duties. Prime Minister said this while chairing a meeting on reforms in FBR and measures to provide relief to the taxpayer at PM house.

The meeting was attended by Minister for Defense Khawaja Asif, Minister for Finance Mr. Ishaq Dar, Minister for Interior Ch Nisar, Minister for Petroleum Mr. Shahid Khaqan Abbasi, Minister for Railways Khawaja Saad Rafique and other senior government officials.

PM directed that a comprehensive reform package should be introduced in FBR which should simplify the procedures and enhance the tax returns. He directed to bring in a tax regime which helps the businesses grow.

In order to simplify the procedures and provide swift services to the taxpayer, PM directed to introduce new technology and tracking system to minimize the discretion of the tax officer. He stressed that the tax officers should facilitate people so that they feel comfortable. FBR should come up with reform package in one month, PM directed.

He directed that the Income Tax, GST and Customs slabs should be rationalized and simplified so that it leads to increase in income of the government.

PM observed that corruption is root cause of all our problems and it has eaten up our economy. He directed that the management of FBR to observe zero tolerance towards the corruption.