Tuesday , March 31 2020

FBR invites all Field Offices to send proposals for upcoming budget

Federal Board of Revenue (FBR) has invited all its Field Offices to send proposals for the upcoming budget 2019-20 relating to Sales Tax and Federal Excise.

In a letter written to the Members Customs, Taxpayers Audit, Enforcement, Accounting and Inland Revenue, the FBR has directed that proposals should focus on broadening the tax base and increase in revenue.

It added that the amendments could be suggested in any of the laws and rules including Sales Tax Act 1990, Federal Excise Act 2005, Sales Tax Rules 2006, Federal Excise Rules 2005 or general.

The suggestions could be send by 22nd of next month.

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