FBR seeks budget proposals

ISLAMABAD: The Federal Board of Revenue (FBR) sought proposals from all the stakeholders for the upcoming budget 2018-19 on Thursday, urging that the suggestions must reach the board by January 18. “The FBR is engaged in formulation of proposals for the Finance Bill 2018. In order to benefit from the collective wisdom of all stakeholders for the improvement of tax policy, proposals are invited for the upcoming budget 2018-19,” said an FBR notification. The board had requested the stakeholders to give their input and suggestions in a specific format developed by the FBR. The tax authority also asked the stakeholders to give their proposals for improvement in tax laws, broadening of tax base for wider participation in revenue generation efforts, enhancement of tax to GDP ratio, generation of revenue and facilitation of taxpayers.

Published in The Express Tribune, January 5^th, 2018.

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