Hafeez urges technical panel to ensure clarity in revenue collection
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue, Dr. Abdul Hafeez Shaikh has urged the technical committee to simplify relevant procedures to ensure clarity and transparency in revenue collection.
He was charging a virtual meeting of Federal Board of Revenue (FBR) Technical Committee, said a press release issued here.
Chairman FBR Muhammad Javed Ghani and other senior officials attended the meeting.
Chairman of the Committee Abid Shaban gave a detailed presentation during the meeting.
After due deliberation, it was decided to engage experts as co-opted members to streamline the working of the committee.
Representatives of the Commerce and Industries Divisions would also be included to further strengthen the committee.
During the meeting, ‘FASTER’ system of Sales Tax Refund for exporters was appreciated.
It was agreed that both FASTER and Rebates Systems would be fine-tuned for more efficient results on priority basis.
The technical committee directed the Ministry of Commerce to clear the backlog with reference to DLTL refunds expeditiously.
FBR would devise a strategy for liquidation of pending income tax returns. - APP