Skip to content

Pak Customs Business Web Portal

Useful information for businessmen

  • Import of Vehicles
  • Import General Manifest
  • Islamabad Flight Schedule
  • Karachi Flight Schedule
  • Income Tax Forms
  • Vehicle Tax Verification
  • Online NTN Verification
  • Federal Budget 2025–26
  • Pakistan Customs Tariff
  • Press Release
  • Blog
  • Toggle search form

ICAP supports FBR on Broadening of Tax Base via SRO 191

Posted on April 10, 2012February 26, 2014 By admin No Comments on ICAP supports FBR on Broadening of Tax Base via SRO 191

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

Press Release

Post navigation

Previous Post: Chairman FBR holds meetings with OICCI, FPCCI and tax officials in Karachi
Next Post: FBR addresses employees’ grievences

More Related Articles

77,500 RETURNS OF SIX CATEGORIES SELECTED FOR AUDIT THROUGH RANDOM COMPUTER BALLOT Press Release
FBR’s drive against illicit tobacco / cigarette trade Press Release
Filing of Income Tax Return date further extended to 21st November, 2014 Press Release
Chairman holds meeting with TRCG to discuss budget proposals Press Release
FBR committed to Broaden the Tax Base Press Release
Mid-Career civil servants briefed on working of FBR Press Release
FBR strengthen its capabilities with new Data-Centre and Video Conferencing facility Press Release
Extended working hours of FBR field offices on 29th and 30th September, 2012 Press Release
Negotiations held between Pakistan and Senegal on Avoidance of Double Taxation Press Release
Clarification Press Release
FBR CORRECTION / CLARIFICATION Press Release
FBR’s FATE wing launches series of Procedures Standardization Workshop Press Release

Leave a Reply Cancel reply

Your email address will not be published.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

Quick Link

  • → Income Tax Forms

  • → Customs Tariff

  • → Customs Tariff Search

  • → Online NTN Verification

  • → Apply for NTN

  • → Vehicle Tax Verification

  • → Withholding Tax

  • → Federal Budget 2025- 2026

  • → Pakistan Budget 2024- 2025

  • → Pakistan Budget 2023-         2024

  • → Pakistan Budget 2022-        2023

  • → Press Release

  • → 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


Copyright © 2025 Pak Customs Business Web Portal.

Powered by PressBook Green WordPress theme