ISLAMABAD: On Sunday, Prime Minister Imran Khan was told that, within the first six months (July-Dec) of the current financial year, tax receipts exceeded Rs2.205 billion.
A briefing, held with the Prime Minister in chair to discuss tax reforms, was briefed that owing to tax reforms, there had been a rise in the number of taxpayers.
According to a press release from the PM Office, the meeting was attended by Federal Ministers Dr Abdul Hafeez Shaikh, Shibli Faraz and Hammad Azhar, Prime Minister’s Advisor Dr Ishrat Husain, Special Assistant on Revenue Dr Waqar Masood, Federal Board of Revenue (FBR) Chairman Javed Ghani and related senior officers.
The conference was told that tax collecting was being streamlined and benefits were being offered to taxpayers. The modernization of the system of taxes would improve accountability and reduce collusion and tax evasion.
The meeting was advised that, by reducing its pages from five to one and entries from 200 to just 24, the tax form has been made even simpler for small and medium businesses.
The Prime Minister was advised that the collection of sales tax had also improved due to the implementation of a direct connection between the FBR’s system and the business through the point-of-sale system.