Prime Minister Muhammad Nawaz Sharif on Monday said that Federal Board of Revenue (FBR) should reform the taxation system so as to facilitate the taxpayers.
Chairing a meeting on reforms in FBR and measures to provide relief to the taxpayer held here in at the PM’s House. The Prime Minister also directed to decrease the rates of Income tax, Sales tax and other duties. The Prime Minister directed that a comprehensive reform package should be introduced in FBR which should simplify the procedures and enhance the tax returns. He stressed a tax regime to help the businesses grow.
In order to simplify the procedures and provide swift services to the taxpayer, the Prime Minister urged to introduce new technology and tracking system to minimize the discretion of the tax officer.
He stressed that FBR should come up with reform package in one month.
He directed that the Income Tax, GST and Customs slabs should be rationalized and simplified so that it leads to increase in income of the government.
The Prime Minister observed that corruption was the root cause of all problems and it had affected the economy. He asked the management of FBR to observe zero tolerance towards corruption.
The meeting was attended by Minister for Defense Khawaja Asif, Minister for Finance Ishaq Dar, Minister for Interior Ch Nisar, Minister for Petroleum Shahid Khaqan Abbasi, Minister for Railways Khawaja Saad Rafique and other senior government officials.