ISLAMABAD: The Federal Board of Revenue has been striving hard to raise tax-to-GDP ratio up to 15 percent while preparing a new strategy paper containing tax policy measures in this regard.
The FBR intends to prepare the new strategy paper in light of the input from tax experts to formulate a blue print for steps to be taken over the next five years to increase tax-to-GDP ratio.
In this connection, the FBR has scheduled an internal workshop on “study to design the revamped/reformed FBR strategy,” for Thursday (today). Renowned economist Dr Hafiz A Pasha has prepared the aforesaid strategy paper proposing consolidation of FBR tax policy and administration reforms. The top economist will make presentation on the proposed strategy followed by interactive discussion, suggestions and inputs from the participants. The proposals relating to tax policy and administration aim at increasing tax-to-GDP-ratio to 15 percent in next 5 years would be formulated by the FBR for incorporation in the strategy paper.
