ISLAMABAD: The Federal Board of Revenue (FBR) has started budget preparation exercise and asked the business community to submit their income tax proposals for budget 2017-18 by January 15.
According to a notification, the FBR has initiated formulation of proposals for Finance Bill/Budget 2017-18. In order to benefit from collective wisdom of the general public and all the stake holders including Chambers of Commerce & Industry, bodies of trade and industry, provincial bodies and regulatory authorities, proposals are invited for the upcoming Budget 2017-18.
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The input/suggestions on the specified format shall be highly appreciated as a genuine contribution towards improvement of tax policy. The FBR added that it is requested that these proposals may be provided by January 15, 2017.
