ISLAMABAD: Minister for Finance, Mohammad Ishaq Dar here on Thursday formed a five-member committee to settle the dust arousing due to the imposition of 8 percent tax minimum on services.
According to a statement issued by the Ministry of Finance, the minister chaired a meeting to discuss important matters related to levy of 8 percent minimum tax on services.
Special Assistant to Prime Minister on Revenue, Haroon Akhtar also participated the meeting which has been made head of the committee to discuss the matter with stakeholders.
Chairman Federal Board of Revenue (FBR), Tariq Bajwa apprised the Minister that FBR has held consultative meetings with the relevant stakeholders to discuss various issues.
The chairman informed the minister that various services sectors have different financial profiles for arriving at their income and imposition of minimum tax rate sector wise.
The minister said that promotion of economic activity is the main objective of the PML-N government.
The other members of the committee will be Asim Zulfiqar and Ashfaq Ahmad Tola as Chartered Accountants, Naveed Andrabi, Advocate and one senior member from FBR.
The minister said the committee would put forth its recommendations for resolving the issues within two weeks duration.
