Tax reforms lead to over Rs 2205b receipts in six months: PM told

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ISLAMABAD, Jan 10 (DNA): Prime Minister Imran Khan was told on Sunday
that tax receipts had surpassed Rs 2205 billion during first six months
of current fiscal, manifesting the fruition of government’s taxation
reforms.

Chairing a meeting to review the tax reforms, the prime minister was
briefed that owing to tax reforms, a growth in number of taxpayers had
been witnessed. Federal Minister Abdul Hafeez Shaikh, Shibli Faraz and
Hammad Azhar, Advisor to PM Dr Ishrat Hussain, Special Assistant on
Revenue Dr Waqar Masood, Chairman of Federal Board of Revenue Javed
Ghani and relevant senior officers attended the meeting, a PM Office
press release said.

It was told that the tax collection was being automated and taxpayers
were being given incentives. The automation of the taxation system would
enhance transparency and reduce corruption and tax evasion. The meeting
was told that tax form had been made far easier for the small and medium
enterprises by reducing its pages from five to one and entries from 200
to just 24. The prime minister was told that owing to the introduction
of direct link between FBR’s system and company through point of sale
system, the receipt of sales tax had also increased.

The prime minister appreciated the federal ministers, SAPM on revenue
and FBR chairman for bringing about taxation reforms. He viewed that the
taxpayers were in fact the benefactors for the country who deserved
applause. Moreover, he also called for measures to introduce measures
for encouragement of the taxpayers.

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