FBR seeks revised tax mechanism for sugar industry


ISLAMABAD: Federal Board of Revenue (FBR) has sought revised tax mechanism for sugar industry for the recovery of due taxes.



FBR Chairman Mohammad Jehanzeb Khan at the meeting of Economic Coordination Committee of the Cabinet (ECC) on Wednesday briefed the meeting on tax collection from the sugar industry.

He suggested that a revised mechanism be put in place to ensure that the full amount of due taxes are recovered from the industry.

The ECC directed FBR to place the matter before the Cabinet after consulting the stakeholders within one week.

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