Prime Minister Shehbaz Sharif recently presided over a ceremony at the PM Office, where awards were conferred upon 65 leading exporters and compliant taxpayers. Among the distinguished recipients, Tariq Rafi, Chairman of Siddiqsons Group, was notably recognized as the 4th highest taxpayer by the Prime Minister.
(more…)Tag: top taxpayers
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Pakistan Announces Honor Card for Top Taxpayers
In a bid to acknowledge and reward the contribution of top taxpayers towards the economic development of the country, Prime Minister Shehbaz Sharif of Pakistan has unveiled a groundbreaking initiative – the Honor Card for Top Taxpayers.
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Active Taxpayers List in Pakistan: Unlocking Benefits for Taxpayers and the Economy
In a significant move to promote tax compliance and strengthen the country’s revenue base, Pakistan has implemented an Active Taxpayers List (ATL) system.
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FBR advised adopting zero tolerance policy against delaying taxpayers’ applications
ISLAMABAD: Federal Tax Ombudsman (FTO) has suggested the Federal Board of Revenue (FBR) to adopt zero tolerance policy against delaying processing of taxpayers’ applications.
The FTO in its news letter for October – December 2019, said that the FBR should introduce zero tolerance policy for delay in processing of applications and talking plea of verification to defend delay in cases which exceed prescribed time limit for finalization.
The FTO advised following set of proposals for consideration by the FBR to evolve a comprehensive plan to:
— Develop software for system generated notices about shortcomings in documents, to be intimated to applicants immediately on receipt of refund application. It should also be ensured that notices are properly served on complaints.
— Observe the due process of law in creation of demand. Prohibit decision without hearing, unless the concerned officer certifies with evidence, in his order, that notice was properly served but the taxpayer is avoiding to attend the hearing despite at least three giving hearings.
— Process the verification etc as soon as application is received, before intervention of FTO.
— Hold the person accountable, who prepares, signs and countersigns the comments/replies, which are factually incorrect or irrelevant.
— Ensure that comments/replies to the FTO are verified by countersigning officers and the departmental representatives appear for hearing after full preparation and consulting the records.
— Hold the chief commissioner/chief collectors accountable for promptly settling the jurisdictional issues.
— Ensure cessation of harassment by opening a case which is under investigation, and requirement of specific permission from the chief commissioner for re-opening of old cases after giving reasons of having not opened the case before the taxpayer filed a complaint.
— Issue directions for observance of office procedures to ensure that the documents received are properly preserved and maintained.
— Pay attention to requests of aggrieved persons when they visit for pursuing their cases, by establishing help/complaint desk near main gate of offices. A senior officer should daily check the complaints for appropriate action.
— Implement inspection regime of offices by senior officers to check pendency and other apparent irregularities.
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List of top 50 taxpayers in categories of individual, AOPs and companies
In a significant move to acknowledge and appreciate the pivotal role played by taxpayers in bolstering the national revenue, the Ministry of Finance has unveiled the eagerly awaited list of the top 50 taxpayers across diverse categories.
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