ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday constituted committees to remove anomalies in the Finance Bill, 2022.
The FBR formed two separate committees i.e. technical and business to take input from stakeholders.
Term of Reference (TOR) is to: review the anomalies identified and submitted; and to advise FBR on removal of anomalies.
The technical anomaly committee will be headed by Ashfaq Tola, FCA FCMA and co-chair by Ms. Suraiya Ahmed Butt, Member (Customs-Policy), FBR and Afaque Ahmed Qureshi, Member (IR-Policy), FBR.
The other members of the technical companies are: Asif Haroon, A F Ferguson & Co. Karachi; Abdul Qadir Memon, Patron Pakistan Tax Bar, Karachi; Muhammad Aurangzeb, Chairman, Pakistan Business Council, Karachi; Sadia Nazeer, FCA, Partner KPMG, Islamabad; Habib Fakharuddin CA, Rawalpindi; Saifullah, Partner Rafaqat Babar & Co. / Vice President ICAP, Peshawar; and Kamal Hassan Siddiqui, Balochistan Tax Bar, Quetta.
The business anomaly committee will be headed by Zubair Motiwala and co-chair by Ms. Suraiya Ahmed Butt, Member (Customs-Policy), FBR and Afaque Ahmed Qureshi, Member (IR-Policy), FBR.
The other members of anomaly committee-business are: Irfaq Iqbal Sheikh, President, Federation of Pakistan Chamber of Commerce and Industry (FPCCI); Mian Nauman Kabir, President, Lahore Chamber of Commerce and Industry (LCCI); Hasnain Khurshid Ahmad, President, Sharhad Chamber; Fida Hussain Dashti, president, Quetta Chamber; Muhammad Shakeel Munit, President, Islamabad Chamber of Commerce and Industry (ICCI); Ehsan A Malik, CEO, Pakistan Business Council; Syed Anis Ahmed, President, American Business Council; Abdul Rahim Nisar, Chairman, All Pakistan Textile Mills Association (APTMA); Khurram Mukhtar, Patron-in-Chief, PETA; and Abdul Aleem, Secretary General, Overseas Investors Chamber of Commerce and Industry.
The FBR asked both the committees to submit their recommendations by June 20, 2022.