Tag Archives: Tax Reform Commission
ISLAMABAD: The tax authorities have discussed the recommendations presented by Tax Reform Commission (TRC) in order to enhance tax revenue and broaden the tax base.
KARACHI: Tax Reform Commission (TRC) constituted by the Finance Minister has recommended immovable property valuation in various categories should be designed by federal government in coordination with provincial governments.
KARACHI: The decision taken by Alternate Dispute Resolution Committee (ADRC) will be implemented in case Federal Board of Revenue (FBR) fails to respond in three months.
KARACHI: Presumptive Tax Regime (PTR) has been termed as direct conflict with the principal of equity which helped short revenue gains.
KARACHI: The government is considering to amend laws to check tax evasion and illegal outflow from Pakistan. In this regard certain changes to income tax laws and economic reform act are on the cards in the budget 2016/2017, sources in Federal Board of Revenue (FBR) said.
KARACHI: A commission constituted by Finance Minister Senator Ishaq Dar has recommended amending tax laws to impose income tax on persons have undeclared immovable property outside Pakistan.
KARACHI: The government is considering to set up independent tax courts for speedy justice in tax matters as stuck up liquidity is problem for both taxpayers and tax managers.
KARACHI: The inequity in the tax system is hitting hard the compliant taxpayers, as there are no level playing fields and they have to compete with tax dodgers and evaders, which is making their businesses unfeasible.
KARACHI: The Federal Board of Revenue (FBR) is hiring a Chief Executive Officer (CEO) for Pakistan Revenue Automation Private Limited (PRAL) after severe criticism and recommendation by Tax Reform Commission, which was constituted by the finance minister.
KARACHI: A commission constituted by the Finance Minister has recommended creation of a list for green channel companies for facilitating at customs clearance stage with fixation of minimum criteria.