Summary He also advocated the reforms in FBR to revive the trust of taxpayers in the taxation system.
ISLAMABAD (Dunya News) – Prime Minister Imran Khan held a meeting in Islamabad with prominent tax experts to discuss the improvement of the taxation system on Tuesday.
During the meeting, the prime minister termed the existing taxation system unjust and called for its reformation besides enhancing the tax net to achieve durable economic progress.
Imran Khan said that under the prevailing system, the poor had to pay taxes more than their financial capacity and called for bringing the non-tax payers under the tax net.
He also advocated the reforms in FBR to revive the trust of taxpayers in the taxation system.
It was discussed that the Federal Board of Revenue (FBR) needs massive restructuring. There is also a need to broaden the tax base and increase tax collection, of which 80% has been collected through withholding taxes.
Tax reforms, especially the automation of the entire assessment procedure shall be replaced with the current system as discussed in the meeting. Apart from companies, simplified tax laws and returns shall be made for taxpayers.
