Govt introducing procedural changes in tax rate mechanism: Hammad

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LAHORE

Minister of State for Revenue Hammad Azhar has asserted that the government would take the business community and all other stakeholders into confidence while introducing any procedural changes in tax rate mechanism.

Along with Federal Bureau of Revenue (FBR) Chairman Shabbar Zaidi, he held a meeting with the business community representatives at the Lahore Chamber of Commerce and Industry (LCCI).

He said the business community and industrialists would not be harassed by FBR officials.

He said the government has been working to enhance the tax to GDP ratio up to 3% to 4% within next three to four years. Azhar said their focus would remain on data integration, tax registration, automation and broadening of tax base.

Zaidi said the FBR has been adopting effective measures to curb under-invoicing and smuggling to stabilise local industry and businesses.

He said the FBR has been switching over to automation to eliminate human interaction with the tax system.

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