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Govt to set up Tax Policy Unit
Body will highlight revenue leakages, suggest measures to boost tax collection
Shaikh directed FBR to expedite process of income tax refunds of less than Rs50 million (each recipient) to uphold commit-ment of the government to facilitate taxpayers. PHOTO: NNI
The PTI government has approved the establishment of an independent Tax Policy Unit (TPU) with the objective of improving taxation governance, as it would point out revenue leakages in the system, recommend rationalising rate of taxes and suggest measures to mobilise higher revenue in tax collections.
The creation of TPU would partially withdraw the powers of policy making for taxation from the Federal Board of Revenue (FBR), but improve its function to collect revenue in taxes in the country.