FBR calls meeting to resolve tax, refund cases

Board-In-Council to meet on July 12.

ISLAMABAD:

The Federal Board of Revenue (FBR) has convened a meeting of its Board-in-Council on July 12 to approve a strategy to handle different issues including tax dues of billions of rupees to be paid by Hub Power Company, refund claims of Attock Cement and pending cases of sales tax and federal excise duty.

According to an FBR document, tax dues of Hubco are on top of the seven-point agenda of the meeting. Field formations of FBR will take action in accordance with the policy approved by the board.

The meeting will also review a report prepared by a steering committee of Pakistan Revenue Automation Limited (PRAL) and progress on its implementation. The meeting will also consider raising fee for FBR lawyers from Rs40,000 to Rs100,000.

Cases of sales tax and federal excise duty pending with the Directorate General Customs Intelligence and Investigation will also be reviewed and a policy to dispose of these cases will be approved.

The progress of the FBR committee set up for implementation and monitoring of the decisions made by the Public Accounts Committee will also be reviewed.

Published in The Express Tribune, July 8^th, 2011.