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Lahore Chamber

Revenue Minister says no changes in tax rate mechanism sans consultation

LAHORE: Hammad Azhar, Minister of State for Revenue, has stated that no procedural change would be introduced without taking all stakeholders along.

This was talking to business community representatives here at Lahore Chamber of Commerce and Industry along with Chairman FBR Shabbar Zaidi.

Assuring that the business community and industrialists would not be harassed by FBR officials, the minister stated that the government was working to enhance the tax to GDP ratio up-to three or four percent within next three to four years.

He further said that their focus would remain on data integration, tax registration, automation and broadening of tax base.

Shabbar Zaidi, FBR Chairman addressing the members of business community said that the Govt. was putting in place effective measures to curb under-invoicing and smuggling to stabilize local industry and businesses. “FBR is now switching over to automation to eliminate human interaction in tax system,” he added. 

Sana Mehmood

Sana Mahmood studied Business and Finance from Karachi and writes on a number of subjects particularly activities in Bourse etc.