Islamabad: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi recently stated that the taxation agency had no intention of withdrawing its previously announced CNIC condition for traders undertaking purchases in excess of PKR 50,000, a news source reported. He made this announcement in response to media speculation pertaining to a potential suspension of the said policy.
The FBR chief made it clear that no such proposal was under consideration. He stated that the board would introduce a fixed-tax regime for businessmen; with an announcement pertaining to the tax measures for the business community expected this week.
Meanwhile, Prime Minister (PM) Imran Khan reiterated his government’s commitment to expanding the tax net and ensuring transparency in the accountability system. He expressed his views on the matter during a meeting with FBR Chairman Shabbar Zaidi and National Database Registration Authority (NADRA) Chairman Usman Yousaf Mubeen.
The PM further said that expanding the tax net will not only help in lowering the burden of taxation on existing tax payers but will also help improve the health, education and other civic amenities in the country.
