ISLAMABAD: Federal Board of Revenue (FBR) has extended the deadline of budget proposals from the stakeholders till March 18.
Earlier, the FBR had sought the proposals before March 2. However, a large number of chambers of commerce and industries have not yet submitted the proposals, which has forced the department to extend the deadline. The proposals, regarding the general sales tax and federal excise duty, were sought through two letters, the FBR wrote to its field officers and businessmen.
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In the letters, the Board asked that the proposals should be pro-revenue, focus on broadening the tax base, and that amendments might be suggested with a view to achieve simplification, remove difficulties and anomalies and abolish any outdated provisions.
