Tag Archives: Tax Reform Commission

Non-implementation of tax commission’s proposal for amending forex regulation against black

KARACHI: The present government in September 2014 constituted a tax reform commission to plug revenue leakage and bring all segments having taxable income into tax net.

Amnesty to protect tax evaders, financial criminals under consideration, to be introduced soon

KARACHI: The government is planning to shelter tax evaders and financial criminals to document the looted money under an amnesty that is likely to be introduced before the implementation of international treaty related to exchange of information.

FBR discusses TRC recommendations for broadening tax base

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.

Federal, provincial governments should design immovable property valuation: Tax Reform Commission

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.

ADRC decision to prevail if FBR fails to respond in 90 days

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.

Commission terms PTR in direct conflict with equity

KARACHI: Presumptive Tax Regime (PTR) has been termed as direct conflict with the principal of equity which helped short revenue gains.

Changes to income tax laws to arrest illegal outflows likely

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.

Seizing undeclared outside Pakistanis assets recommended

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.

Independent tax courts under consideration: FBR sources

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.

FBR hiring CEO PRAL on harsh criticism, recommendation of Tax Reform Commission

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.