ISLAMABAD (our reporter):- The Federal Board of Revenue has sought budget proposals from its officers and trade unions on sales tax and federal excise duties by on Friday.

Letters have been dispatched to senior officials of the FBR and trade unions by the Board separately and asked them to send tax proposals by March 16, 2022.

A letter has been sent to the President, Federation of Pakistan Chamber of Commerce & Industry, Federation House, the Presidents, Chamber of Commerce & Industry Karachi, Islamabad, Lahore, Rawalpindi, Hyderabad, Quetta, Peshawar, Faisalabad, Sialkot, Multan, Sukkur, Haripur (KPK), Lasbela, Gujranwala and Gujrat. The letter also has been written to the President, Overseas Investors Chamber of Commerce & Industry, the American Business Council of Pakistan, and the President of the Pakistan Stock Exchange, Islamabad in this regard.

The Chairman, Pakistan Small Chamber of Commerce & Cottage Industry and the President, All Pakistan United Retailers Association, Bahadurabad, Karachi has been also addressed in the letter.

Another letter, the FBR has addressed to the members, DGs, and other senior field officers and asked them to submit any budget proposals for the upcoming budget.

In the letters, the board has sought budget proposals on sales tax and federal excise duty for the upcoming budget for the fiscal year 2022-23.

The FBR said in the letters that the proposals should focus to cope with any tax avoidance/ leakages, broadening of tax base, removal of any procedural lapses, removal of difficulties and anomalies, to abolish any outdated/obsolete provisions, simplification of the laws and rules, taxpayer’s facilitation. The proposals should be clear, meaningful and implementable through further amendments to the laws having regard to all stakeholders, including the trade groups; which may adversely be affected by the proposed measures, said further in the letters.

By adminmy

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