ISLAMABAD: The ministry of finance has asked Federal Board of Revenue (FBR) to suggest measure to eliminate exemptions and concessions.
The Finance Division (Budget Wing) of the finance ministry asked the FBR to provide information for development of budget strategy paper 2020-2021 – 2022-2023.
The finance division asked the FBR to provide information on the key points:
01. Tax policy over the medium-term including measure to eliminate exemption / concessions.
02. Planned tax administration reforms to enhance tax-base and improve tax-to-GDP ratio.
03. Number and types of new sectors, which were out of the tax net, to be added in the tax system.