‘FBR unhappy over national tariff policy’

[Shahzaz ud din]

‘FBR unhappy over national tariff policy’
By
Ghulam Abbas
-
December 14, 2018
1
1889

• PM’s advisor says FBR’s wings are being clipped as its policymaking powers will be shared with finance, commerce divisions

ISLAMABAD: As the Ministry of Commerce has moved forward to make the first ever national tariff policy to facilitate exports and business activities in the country, the Federal Board of Revenue (FBR), which has been “harassing” the business community, is largely unhappy over the enhanced role of the ministry.

This was stated by Adviser to Prime Minister on Commerce Abdul Razzaq Dawood while briefing the Senate’s Standing Committee on Commerce and Textile on Friday. He said that for the first time, FBR’s wings were being clipped as its policymaking power have been taken away.

“A policy board, comprising finance secretary, commerce secretary, and FBR chairman, would supervise the policymaking on taxation and revenue collection,” he added.

The advisor informed the committee that the national tariff policy, framed by the commerce ministry, would soon be tabled before the federal cabinet for approval. The proposed policy would help the ministry set custom duties, enhance its role in the decision-making process, which would ultimately facilitate that country’s business community, particularly the export sector, he added.

The committee was told that once the policy is implemented, the business community would witness an enhanced role of the commerce ministry than before.

“I have informed the prime minister that enhancement of exports and investments in the country is not possible as long as the existing policies are not replaced,” Razzak Dawood said.

The committee asked the Ministry of Commerce to take immediate measures to tackle the issue of under-invoicing of IT products in the country. The committee directed the Customs member to present a detailed paper in then days on the procedures adopted to bring those involved in over or under-invoicing under the tax ambit.

The committee was also given a briefing on the recent high-level delegation’s trip to China and the subsequent Free Trade Agreement (FTA) negotiations during the trip, the upcoming STPF 2018-23 and import and export performance of Pakistan for the 1st and 2nd quarter of Financial Year 2018-19.

The commerce secretary, while briefing the committee, said that at least 30 memoranda of understandings (MoUs) were signed during the recent visit to China while majority of the MoUs would be formal agreements.

He said that the ministry has consulted ASEAN countries for tariff concessions. “We were ready for tariff concession on 90 per cent items but later, after consultation with local industries, we agreed on only 17 per cent items,” he informed the committee.

 

[Imran Khan]

FBR is useless they are happy or sad its not a matter they have been failed since many decades its matters

 

[HAIDER]

FBR is useless they are happy or sad its not a matter they have been failed since many decades its matters

I ask mohallah dokan daar , you pay tax ?. He said, I want to, but ITO blackmail us . They say, if you pay me that munch money, then I will give you huge relief in tax. Otherwise , you ow that much tax .


And you know how they blackmail.

 

[ghazi52]

 

[Samlee]

FBR Should Just Be Put Before A Firing Squad For What They Have Done To Our Economy

 

[AZADPAKISTAN2009]

If country has 200,000,000 (200 Million people) you can't just focus on handful of businesses in Karachi or Lahore may be 4-5% of population and expect they will pay all the Tax needed for you

Every citizen is owed 9,000 Rupees per year in Taxes minimum

Government just has been in efficient in figuring out the ideal mechanism to collect from
Lower/ Middle / Elite classes this tax figure consistently


Strategy for Tax Collection

a) Collect a small % from Sales of Food and goods (HST) which collects the tax and also does
not heavily burdens the poor. But Rich pay for their luxury

b) Implement Taxes in form of Road Tolls , Electricity and Water Services to collect equally from all classes of society

c) Implementation of Permits for Small Shop instead of Income Tax to grow monthly collection from small shop keepers (Month to Month Licence for operation)

d) Implementation of Taxes on Taxis / Cabs / Rickshaws / Private Buses / Transport companies
Monthly fee collected equal to 1 Passenger ride per vehicle (Permit)


e) Put in Qurbani tax to reel in religious folks avoiding taxes

• Until a citizen will have free loaders mentality country will be stuck in loans

Common Excuses Used By Poeple not Interested in Tax Paying:

• All poor people of Pakistan will be endangered suddenly
• Every one in my Neighborhood will have to pay first before I do my Taxes
• The rich have to pay before I will pay because I have bigger ego then them
• Nation should go on a wild goose chase for money in International accounts before I will pay my taxes while I myself enjoy all services in Pakistan

With no EMERGENCY TAX reform Nation faces a extreme security risk internally