Lahore: The Federal Board of Revenue (FBR) has made the decision to set up market committees in order to discuss and resolve the various issues faced by traders — with the scope of these committees being decided by both sides concurrently, according to a news source.
The roles of these committees include running a campaign for the registration of new taxpayers so that the national exchequer is improved. The FBR has assured the traders that it will provide a simple and easy registration form for this purpose.
These committees will also discuss the best ways to resolve tax disputes, in line with alternate dispute resolution committee procedures. In addition, they will extend their full support to the FBR in assessing the taxpayers’ turnover.
In addition, the complaints of shop-owners with shops measuring under 1,000 square feet and registered under sales tax, shall be resolved. The committees’ duties will also include deciding which traders come under the ambit of sales tax, and whether they are in the wholesale or retail business.
