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Facilitating taxpayers - Newspaper

SPEAKING about the restoration of the Universal Self Assessment Scheme (USAS), the minister concerned has said he was hopeful that it will enhance a taxpayer’s confidence and will help in achieving the desired results. However, simplifying tax laws and procedures, and reducing tax rates are equally important to broaden the tax base and increase the tax revenue.
The existing tax laws are complicated and beyond comprehension. Therefore, a majority of the taxpayers has to seek services of tax practitioners and pay additional charges to help them file the tax return. In the good old days, the taxpayers were expected to file a tax return through a simple form and a bare minimum percentage of cases were selected for detailed audit; the rest of the returns used to be accepted under the USAS. The wealth statement was mandatory byond a certain bracket of income, and wealth statement and personal expenditure statement were not even required except for cases selected for audit. ....

Saad Ahmed Mahar , Muhammad Iqbal Khan , Saad Saleem , Akbar Jan Marwat , Universal Self Assessment Scheme , Federal Board , Gwadar Port , முஹம்மது இக்ப்யால் காந் , ஸாட் சலீம் , உலகளாவிய சுய மதிப்பீடு திட்டம் , கூட்டாட்சியின் பலகை ,

FBR harassment: Third party audit to be introduced, says Shaukat Tarin

ISLAMABAD: Minister for Finance Shaukat Tarin on Sunday said that there would be Universal Self-Assessment Scheme in the Federal Board of Revenue and only 3 percent audit through third party would. ....

Shaukat Tarin , Manmohan Singh , Imran Khan , Institute Of Policy Reforms , Finance Shaukat Tarin , Universal Self Assessment Scheme , Federal Board , Policy Reforms , ஷௌுகத் தாரின் , ம்யாந்‌மோஹாந் சிங் , இம்ரான் காந் , நிறுவனம் ஆஃப் பாலிஸீ சீர்திருத்தங்கள் , உலகளாவிய சுய மதிப்பீடு திட்டம் , கூட்டாட்சியின் பலகை , பாலிஸீ சீர்திருத்தங்கள் ,

Third party audit to curb FBR harassment: Shaukat Tarin

ISLAMABAD: Minister for Finance Shaukat Tarin on Sunday said that there would be Universal Self-Assessment Scheme in the Federal Board of Revenue and only 3 percent audit through third party would. ....

Shaukat Tarin , Manmohan Singh , Imran Khan , Institute Of Policy Reforms , Finance Shaukat Tarin , Universal Self Assessment Scheme , Federal Board , Policy Reforms , ஷௌுகத் தாரின் , ம்யாந்‌மோஹாந் சிங் , இம்ரான் காந் , நிறுவனம் ஆஃப் பாலிஸீ சீர்திருத்தங்கள் , உலகளாவிய சுய மதிப்பீடு திட்டம் , கூட்டாட்சியின் பலகை , பாலிஸீ சீர்திருத்தங்கள் ,

'PM retains tax exemptions for SEZs'

‘PM retains tax exemptions for SEZs’
National
March 13, 2021
ISLAMABAD: Special Assistant to Prime Minister on Revenues Dr. Waqar Masood said on Friday that the government has retained the Special Economic Zones (SEZs) from the proposed withdrawal of income tax exemptions in order to protect investments, especially in the context of China Pakistan Economic Corridor (CPEC).
“Prime Minister Imran Khan himself kept the exemptions for SEZs, especially for CPEC intact, as the top guns who are promoting investment argued that if the government breached its commitment to providing tax exemptions on SEZs, it would hurt the investors’ confidence,” the SAPM, Dr. Waqar Masood, said in an interview with The News here at his office on Friday. ....

Waqar Masood , Ishrat Hussain , Imran Khan , Ministry Of Power , National Assembly , World Bank , Revenue Division , Special Assistant , Prime Minister , Special Economic Zones , China Pakistan Economic Corridor , Minister Imran Khan , Tax Amendment , Universal Self Assessment Scheme , Sales Tax , Tax Policy Unit , Chief Information Officer , வகார் மசூட் , இஸ்ராத் ஹுசைன் , இம்ரான் காந் , அமைச்சகம் ஆஃப் பவர் , தேசிய சட்டசபை , உலகம் வங்கி , வருவாய் பிரிவு , சிறப்பு உதவியாளர் , ப்ரைம் அமைச்சர் ,

'IT exemptions for SEZs preserved by PM'

‘IT exemptions for SEZs preserved by PM’
National
March 13, 2021
ISLAMABAD: Special Assistant to Prime Minister on Revenues Dr. Waqar Masood said on Friday that the government preserved the Special Economic Zones (SEZs) from the proposed withdrawal of income tax exemptions in order to protect investments, especially in the context of China Pakistan Economic Corridor (CPEC).
“Prime Minister Imran Khan himself preserved exemptions for SEZs, especially for CPEC, as the top guns who are promoting investment argued that if the government breached its commitment to providing tax exemptions on SEZs, it would hurt the investors’ confidence,” the SAPM, Dr. Waqar Masood, said in an interview with The News here at his office on Friday. ....

Waqar Masood , Ishrat Hussain , Imran Khan , Ministry Of Power , National Assembly , World Bank , Revenue Division , Special Assistant , Prime Minister , Special Economic Zones , China Pakistan Economic Corridor , Minister Imran Khan , Tax Amendment , Universal Self Assessment Scheme , Sales Tax , Tax Policy Unit , Chief Information Officer , வகார் மசூட் , இஸ்ராத் ஹுசைன் , இம்ரான் காந் , அமைச்சகம் ஆஃப் பவர் , தேசிய சட்டசபை , உலகம் வங்கி , வருவாய் பிரிவு , சிறப்பு உதவியாளர் , ப்ரைம் அமைச்சர் ,