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Home Breaking News

FBR constitutes committees to streamline taxation system

byCT Report
18/09/2020
in Breaking News, Islamabad, Latest News
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ISLAMABAD: Federal Board of Revenue (FBR) formed two committees for elimination of inequality in taxation system and speedy resolution of taxpayers’ complaints.

The FBR said that advisor to Prime Minister on Finance and Revenue had constituted two committees namely Technical Committee and Complaint Oversight Committee of FBR in order to identify and remove the technical and complaint issues.

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The technical committee has been comprised of the following members:

  1. Abid Shaban, Chairman
  2. Khurram Mukhtar, Member
  3. Ejaz A Khokhar, Member
  4. Dr. Khurram Tariq, Member
  5. Javed Bilwani, Member
  6. Ali Jameel, Member
  7. Zakria Usman, Member
  8. Abdul Rashid Jan Muhammad, Member
  9. Aman Ghanchi, Member
  10. Members Customs Operations/Policy FBR, Member
  11. Member IR Policy FBR, Member/Secretary

The terms of reference (TOR) of the technical committee are:

  1. Identify distortions, anomalies and inequalities in the taxation system which cause difficulties for taxpayers, or which discourage investment, industrialization and documentation, and propose solutions.
  2. Propose measures to reduce the dependence on withholding taxes, minimum tax, advance tax, etc.

III. Propose measures for simplification of all taxation procedures, in a manner which does not compromise revenue collection and documentation.

  1. Propose improvement in the temporary importation and manufacturing bond schemes in order to enhance their scope and facilitate direct and indirect exporters throughout the value chain.
  2. Identify issues hindering smooth processing of refund claims through the FASTER system. Propose amendments in the procedures or thresholds relating to sales tax refund of various sub-sectors of exporters, and
  3. Propose remedies for issues relating to adjustment of input tax paid against services subjected to sales tax by the provinces.

The complaint will be able to oversight committee to oversee and monitor the complaint resolution mechanism of the FBR.

The committee will comprise of the following members:

  1. Mussadaq Zulqarnain, Chairman
  2. Saqib Sherazi, Member
  3. Azam Farooq, Member
  4. Kamran Arshad, Member
  5. Imran Hussain, Member
  6. Faisal Said, Member
  7. Chief (Integrity and Performance Management Unit), FBR, Member/Secretar

TOR of the complaint oversight committee are:

  1. To maintain complete, holistic oversight over the complaint resolution mechanism of FBR
  2. Review the entire life cycle of a given complaint, from lodging, its nature, action taken, resolution, post-resolution review, to further action required to be taken, if any.

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