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June 24, 2019
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FBR invites budget proposal from stakeholders

ISLAMABAD: The Federal Board of Revenue (FBR) has invited proposals from stakeholders including all field formations for the fiscal budget 2019-20.

The Board advised the stakeholders and field formations to submit proposals for broadening the tax base and increase revenue collection.

It also sought suggestions for possible amendments in the tax laws, rules and notifications.

The FBR notification urged stakeholders to provide recommendations aimed at removing anomalies and difficulties to abolish outdated and obsolete provisions within the laws.

The tax body is seeking suggestion for eliminating tax fraud, fake and flying invoices, plugging loopholes if any, facilitating genuine taxpayers and making the procedures transparent.

The proposals should be made keeping in view the consequences for the other related trade groups which might be adversely affected by the proposed measures.