• Contact Us
  • Site Map
  • Advertise With Us
Pak Customs Business Web Portal
  • Pakistan Budget 2018-2019
  • Electronic Manifest Filling
  • Import of Vehicles
  • Import/Export by Country
  • Online NTN Verification
  • Import/Export Commodity
  • Pakistan Budget
  • Naya Pakistan Housing Program
  • Blog
No Result
View All Result
  • Pakistan Budget 2018-2019
  • Electronic Manifest Filling
  • Import of Vehicles
  • Import/Export by Country
  • Online NTN Verification
  • Import/Export Commodity
  • Pakistan Budget
  • Naya Pakistan Housing Program
  • Blog
No Result
View All Result
Pak Customs Business Web Portal
No Result
View All Result

ICAP supports FBR on Broadening of Tax Base via SRO 191

admin by admin
February 26, 2014
in Press Release
0

Chairman FBR Mr. Mumtaz Haider Rizvi visited the Institute of Chartered Accountants of Pakistan (ICAP), Karachi today on a special invitation to meet ICAP’s President, officials and the Institute’s Committee on Taxation. President ICAP, Mr. Rashid Rahman Mir, welcomed the Chairman.

The Chairman Committee on Taxation, Mr. Saqib Masood, gave a presentation on the tax proposals submitted by the Institute to the FBR and the Government for consideration for the Federal Budget 2012-13. He said that focus should be to broaden the tax base, instead of increasing the tax rate. Amnesty schemes and fixed tax regime should be abolished, as these have proved to be counter-productive. Relevant laws should be amended to enable FBR to relate CNIC numbers when people buy and sell property and vehicle, make air travel, pay utility bills, schools fee and club subscriptions. These CNIC number may then be matched with NTN numbers by the department. Appropriate check and balances should be introduced for foreign remittances, so that these may not be used to whiten money. Mr. Saqib Masood emphasized the need to reduce the corporate tax rate to inculcate corporatization culture in the country. He also suggested that export of goods and services should be equated.

The Chairman FBR apprised the participants of the various measures taken by the tax department to reduce taxpayers’ difficulties and to ease tax compliances. He lauded the role of ICAP in enhancing taxpayers’ awareness and thanked the President ICAP and his team for the tax proposals furnished by the Institute. He further appreciated the recommendations made by the Institute and assured that due consideration will be given to the proposals submitted by ICAP.

During the discussion ICAP supported FBR over Broadening of Tax Base, documentation of economy through SRO 191, reduction of duties and taxes on manufacturing and industrial sectors and addressing anomalies in direct and indirect tax laws.

The Chairman FBR was accompanied by FBR’s Member (IR) Mr. Shahid Hussain Asad and Chief Commissioners of LTU and RTOs Karachi.

Mohammad Shahzad
Secretary PR

Previous Post

Chairman FBR holds meetings with OICCI, FPCCI and tax officials in Karachi

Next Post

FBR addresses employees’ grievences

Next Post

FBR addresses employees’ grievences

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Advertisement

Quick Links

  • → Income Tax Forms

  • → Customs Tariff

  • → Customs Tariff Search

  • → E-Filing System

  • → Pakistan Budget 2015-2016

  • → Pakistan Budget 2014-2015

  • → Pakistan Budget 2013-2014

  • → Pakistan Budget 2012-2013

  • → Online NTN Verification

  • → Apply for NTN

  • → Vehicle Tax Verification

  • → Withholding Tax

  • → Rebate Claim Search

  • → Import General Manifest

  • → Import of Vehicles

  • → Import/Export by Country

  • → Import/Export Commodity

  • → Pakistan Customs Valuation Gateway

  • → Consignor View IGM

  • → Export General Manifest

  • → Electronic Manifest Filling

  • → Export Automated System

  • → Karachi Port Arrivals

  • → Cargo Handling

  • → Karachi Airport Flight Schedules

  • → Lahore Airport Flight Schedules

  • → Islamabad Airport Flight Schedules

  • → Track & Trace

  • → Shipment Tracking

  • → Air Cargo Tracking

  • → Container Tracking

  • → Bill of Lading Tracking

  • → Post/EMS Tracking

  • → Other Tracking Pages

  • → Federal Excise Duty

  • → Important Downloads

  • → Sales Tax Guide

  • → Export Policy Order

  • → Import Policy Order

  • → Trade Statistics and Analysis

  • → World Clock Time

  • → Mobile Phone Applications

  • → Rupee Exchange Rate

  • → Currency Converter

  • → Advertise with us

  • → Contact Us

Facebook Page

Visitors


counters
  • Contact Us
  • Site Map
  • Advertise With Us

© 2018 Copy Rights Reserved 2018 PakCustoms -

No Result
View All Result
  • Pakistan Budget 2018-2019
  • Electronic Manifest Filling
  • Import of Vehicles
  • Import/Export by Country
  • Online NTN Verification
  • Import/Export Commodity
  • Pakistan Budget
  • Naya Pakistan Housing Program
  • Blog

© 2018 Copy Rights Reserved 2018 PakCustoms -