LAHORE: Federal Board of Revenue (FBR) Chairman Tariq Bajwa has said that the FBR is committed to take measures to simplify the revenue collection system and enhance tax compliance in country.
He was addressing the participants on the occasion of signing of agreement between Intellectual Property Organization (IPO) Pakistan and Federal Board of Revenue (FBR) here on Tuesday. The MoU was signed by Director General IPO-Pakistan Engineer Aamir Hasan and Director General IPR Enforcement FBR Imtiaz Ahmad Khan.
FBR Chairman Tariq Bajwa and other senior officials of both organizations were also present in the MoU signing ceremony. Speaking on the occasion, the FBR chairman said that the FBR is committed to simplify the revenue collection system to enhance tax compliance in country.
He said Pakistan Customs was the guardian of Pakistan’s borders against movement of contraband goods and is a facilitator of bona fide trade.
“It provides a major source of revenue to the government in the form of taxes levied on the goods traded across the borders” he added.
He said it also helps to protect the domestic industry and movement of genuine goods through borders. Customs and Regulatory duties amount up to 15 percent of the total receipts collected by the Federal Board of Revenue, here marked.
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