Budget 2021/2022: Consumers to get prizes on sales tax receipts

Budget 2021/2022: Consumers to get prizes on sales tax receipts

ISLAMABAD: Finance Minister Shaukat Tarin on Friday said that the government will incentivize consumers through a system of prizes on sales tax receipts through an open ballot every month.

The finance minister while presenting the federal budget 2021/2022 on the floor of the house said that a special cell in FBR had been established comprising experienced retail business experts together with a smart complement of young officers who would be engaged in rolling out this plan and ensure its efficient operations.

The finance minister said that Pakistan Single Window shall be piloted with the view to operationalise it in the near future. This will bring all activities connected with the clearance of imports and exports on a single portal which would lead to significant reduction in the number of days required for cargo clearance.

The work on harmonisation of sales tax on services with the provinces is moving apace and would be made fully operational during the year.

The finance minister said that the system of tax would be simplified through introduction of new simplified tax return forms and new tax code and rules.

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