Finance minister reviews TRC recommendations

 

ISLAMABAD – Minister for Finance and Economic Affairs Senator Ishaq Dar here on Saturday chaired a briefing session on the recommendations prepared by the Tax Reforms Commission (TRC).

Federal Board of Revenue (FBR) chairman gave a detailed presentation on these recommendations also putting forth viewpoint of FBR on the same. The recommendations among other measures for reforming the tax system particularly emphasise simplification of laws, filing procedures and developing and promoting their Urdu versions for benefit of both the filers as well as the public at large.

The TRC also stressed the need for firmly establishing the IT regime to improve working of the tax system. The minister appreciated the hard work undertaken both by the TRC and the FBR. He directed that viable recommendations be prioritised and categorised for implementation in short, medium and long term.

Dar said that recommendations in the short term category would be implemented on priority. He said that the government attached great importance to these recommendations. These would help achieve the government’s objective of promoting tax culture through enhancing the quality of taxation system and facilitating the tax payers as well as encouraging prospective filers to become tax payers. Senior officials of the Finance Ministry, FBR and members of the TRC attended the meeting.

 

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