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Dar forms body to implement TRC-recommended tax reforms

byCustoms Today Report
11/10/2015
in Business
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ISLAMABAD: Federal Finance Minister Ishaq Dar has constituted a 7-member oversight committee to implement tax reforms, proposed by the Tax Reforms Commission (TRC).

The committee will be headed by Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan. The finance minister constituted the committee after holding a long meeting with members of the TRC, while TRC Chairman Masood Naqvi, members Ashfaq Tola and Abid Shaban also attended the meeting.

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Through an administrative order, the government had constituted the TRC in September last year with a mandate to review the taxation system and FBR’s administrative structure. The commission has already presented an interim report, but no action has been taken so far.

The newly-constituted TRC would oversee and expedite ongoing reforms in FBR and to further improve taxpayers’ facilitation and broadening the tax base, according to a handout issued by the Ministry of Finance.

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