Federal government hints at new National Tax Agency

Federal government hints at new National Tax Agency

ISLAMABAD - The Federal government has hinted at a new National Tax Agency in Pakistan.

As per the media report, Federal government is planning to introduce a national tax agency to save the taxpayers from the trouble of filing different tax returns at provincial and federal taxes separately.

Minister of State for Revenue, Hammad Azhar, announced the above on Wednesday at a Sustainable Development Policy Institute (SDPI) conference.

He further said that the Federal Board of Revenue (FBR) is unable to collect the due taxes from the informal sector and also from some chains of formal sectors like plastic, steel, sugar, and so on. These chains also break at some points, which open up spaces for tax evasion.

“The government will grant autonomy to the FBR as part of long-term agenda after placing ongoing reforms for separating policy from the administration.”