ISLAMABAD: The Federal government has formed three committees namely “Communication Committee”, “Income Tax Committee”, and “Sales Tax Committee” to resolve the issues being faced by the business community of the country.
As per details, in pursuance of agreement between the business community and Federal Board of Revenue (FBR), a meeting of representatives of business community, Members National Assembly, FBR officials was held to discuss various issues.
The agenda of the meeting was to facilitate business community to become filer and thus avoid imposition of withholding tax under Section 236P of Income Tax Ordinance, 2001, as well as to resolve related issues pertaining to income tax and sales tax and to evolve an effective communication strategy on educating the public and specifically traders on the rational of this tax measure for documentation of economy and broadening of tax base.
MNA, Parliamentary Secretary Finance Rana Muhammad Afzal Khan, MNA Mian Abdul Mannan, MNA Malik Pervez, Special Assistant to PM on Revenue, Haroom Akhtar Khan, Chairman FBR, Tariq Bajwa, Senior Member (Inland Revenue Policy), FBR Shahid Hussain Asad, and representatives of various Chambers of Commerce and Industry across the country and leaders of the traders community all over the country attended the meeting.
The members of the Communication Committee include MNA Mian Abdul Mannan, Member FATE Nadeem Dar, Member FPCCI, Zubair Tufail, Anjum Mahmood Butt of Pakistan Muslim Traders Wing, Syed Asad Mashhadi, President Rawalpindi Chamber of Commerce and Industry (RCCI), President ICCI, Muzammal Hussain Sabri, Amir Waheed, General Secretary of Punjab Sugar Dealers Association, Sheikh Babar Khurana, Fuad Ishaq, President pg KPK CCI and, Muhammad Ali Mian, former President of LCCI.
Income Tax Committee comprising MNA Malik Pervez, Shahid Hussain Asad, Senior Member (Inland Revenue Policy), FBR, Sheikh Muhammad Asif of LCCI, Muhammad Ali Mian, former President LCCI, Zubair Tufail of FPCCI, Anjum Mahmood Butt of Pakistan Muslim Traders Wing, Muzammal Hussain Sabri, President ICCI, Malik Sohail Hussain of FPCCI, Khawaja Zarrar Kaleem VP, FPCCI, Lahore, Khawaja Tanveer Ashraf PML-N Gujranwala, Asim Zulfiqar, Chartered Accountant, Lahore and Kashif Shabbir, former President RCCI.
However, MNA, Parliamentary Secretary Finance Rana Muhammad Afzal Khan, Member (Inland Revenue Operations), FBR Muhammad Ashraf Khan, Ashfaq Tola TRC/TAC, Asif Haroon FCA, Kashif Anwar, Khalid Tawab of FPCCI, Syed Asad Mashhadi President of RCCI and Engineer Rizwan of ICCI are included in Sales Tax Committee.
The above three Committees will have the powers to co-opt other members if considered necessary.
The committees of income tax and sales tax shall submit their reports by August 13, 2015. The first meeting of these committees will be held on Friday July 31, 2015 at FBR (HQs).
