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Tag Archives: Tax Advisory Council

Law to curb undervaluation of property discussed

ISLAMABAD: The government is planning introducing a new law in budget (2014-15) to empower the Federal Board of Revenue (FBR) to purchase property at a higher rate of 25 percent than the declared sale price or value of land to check the incidence of massive undervaluation and misdeclaration in the country. The idea regarding the introduction of a new law ... Read More »

Wide range of tax reforms proposed: Reorientation of customs duty role sought to boost industry

ISLAMABAD: Federal Board of Revenue (FBR) Tax Advisory Council Member Dr Manzoor Ahmed has proposed that the primary role of customs duties should not be to raise revenues as high customs duties make Pakistan’s industry non-competitive, hampering the country’s way to become part of the global supply chain. In the first meeting of the FBR Tax Advisory Council, Dr Manzoor ... Read More »

Abdullah formally named member of Tax Advisory Council

KARACHI: Karachi Chamber of Commerce and Industry President Abdullah Zaki will represent KCCI in the Tax Advisory Council formed by Federal Board of Revenue. The Tax Advisory Council has been formed to seek proposals on new taxation measures, provide necessary input on different tax policy matters, suggest ways and means to expand the tax base and propose legislation for making ... Read More »

FBR outlines Tax Advisory Council for budget proposals

ISLAMABAD: Federal Board of Revenue has announced the awaited Tax Advisory Council to give proposals for the upcoming Budget 2014-15. In this regard, a notification has been issued. According to the notification, Tax Advisory Council and its functions are defined. The Council encompasses all stakeholders including chartered accountants, academia, senior tax consultants, retired senior officers of Pakistan Customs and Inland ... Read More »