- The Federal Board of Revenue in Pakistan is initiating the budget process early for the fiscal year 2025-26
- Stakeholders are invited to submit proposals to refine tax policies for the upcoming Finance Bill 2025
- Key areas for input include broadening the tax base, integrating all business activities under the GST regime, and promoting progressive taxation
- Other focus areas are phasing out tax concessions and exemptions, simplifying tax laws to facilitate taxpayers and improve business operations, and addressing tax arbitrage to enhance economic efficiency
- Proposals should be clear, meaningful, and implementable, with potential for amendments to existing tax laws
- Submissions are due by January 31, 2025, and can be sent via email in MS Word or Excel format to specified addresses
- The request for proposals is distributed among members and directors of the FBR, as well as Chief Commissioners of Inland Revenue
Source: download1.fbr.gov.pk
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
