ISLAMABAD (INP): The Federal Minister for Finance, Senator Muhammad Ishaq Dar has approved the constitution of 20-member “Tax Reforms Commission” with a view to facilitating the general public about taxation issues and upgrading the current taxation system,.
The Commission as its duties shall undertake, review and rationalization of direct and indirect taxes; customs tariff rationalization; review of autonomy and administrative structure of FBR and creation of border force to deal with illegal movement of persons and goods across the international borders. The Commission may also take up any other related issue.
“The Government has a firm resolve to promote tax culture in Pakistan but it is also equally important that the grievances of the people are addressed and their suggestions are acknowledged for improving our taxation system. Reform and rationalization are the key objectives of constituting, this Commission”, said the Finance Minister.
The Commission will comprise of 20 members and may co-opt any other person with prior approval of the competent authority.
Masood Naqvi will be Chairman of the Commission. Its members would be Senator Usman Saifullah, Mian Abdul Manan, MNA, Representative of traders, Mr. Bashir Ali Muhammad, Industrialist, Chairman, Federation of Pakistan Chambers of Commerce and Industry or his nominee; President Karachi Chamber of Commerce and Industry or his nominee; President Lahore Chamber of Commerce and Industry or his nominee; President Peshawar Chamber of Commerce and Industry or his nominee; President Quetta Chamber of Commerce and Industry or his nominee; President Institute of Chartered Accountants of Pakistan; President Institute of Cost and Management Accountants; Mirza Qamar Baig, Ex Federal Secretary; Professor Azhar Akram, Academician; President All Pakistan Tax Bar Association; Ashfaq Tola, FCA; Abid Shahban, Advocate Supreme Court; Farrukh Jawad Pani, Advocate Supreme Court; Ramzan Bhatti (Customs); Farooq Malik (IRS) and Chairman FBR, (Member/ Secretary). The Commission may avail the services of any expert(s) on need basis. It will finalize its recommendations in 120 days. FBR will provide Secretarial services to the Commission.
