ISLAMABAD: FBR Chairman Tariq Bajwa called on Asian Development Bank (ADB) President Takehiko Nakao and a delegation of American Business Council and briefed them about tax collection mechanism and performance of FBR in this regard. ADB President lauded the FBR functioning along with stressing upon widening the tax net. Similarly, FBR chairman briefed the American Council delegation about the tax system in Pakistan. American Pakistanis are eager to invest in Pakistan especially in the energy sector, however they want to get full knowledge about the tax system in the country, first of all.
FBR Chief Tariq Bajwa told the delegation that Pakistan has tax friendly system and taxpayers are considered as partners.
Later on, FBR Chief again met with ADB Chief along with Finance Minister Ishaq Dar. ADB announced to give assistance to Pakistan to rescue flood affectees but the Bank just wanted to ensure that Pakistan’s tax system is strong and the country can return back the loans easily.
PTBA raises legal concerns over fixed tax scheme for small shopkeepers
ISLAMABAD: The Pakistan Tax Bar Association (PTBA) has expressed serious legal and procedural concerns regarding the Fixed Tax Scheme (FTS)...
