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FBR To Evolve Mechanism On Agriculture Income Tax To Maximize Revenue

admin-augaf by admin-augaf
September 11, 2021
in Business
Reading Time: 2 mins read
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FBR To Evolve Mechanism On Agriculture Income Tax To Maximize Revenue

FBR To Evolve Mechanism On Agriculture Income Tax To Maximize Revenue

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Islamabad September 11 2021: Khyber Pakhtunkhwa’s Minister for Finance Taimur Saleem Khan Jhagra called on Chairman Federal Board of Revenue Dr. Muhammad Ashfaq Ahmed on Friday here at FBR HQ.

During the meeting, the matters of mutual interest between FBR and KPRA were discussed. It was agreed in the meeting that both revenue collecting agencies would share data and information for realization of maximum revenue. FBR and KPRA would evolve meaningful mechanism on Agriculture Income/tax to maximize revenue potential. Both sides agreed to iron out differences pertaining to Sales Tax on services related to four important sectors including construction, restaurants, transport & communication and toll manufacturing.


A L S O || R E A D

FBR Extends The Asset Declaration Date


KPK Finance Minister hoped that both FBR and KPRA would develop an enduring system to build close cooperation for the purpose of identifying potential taxpayers and increasing revenue. Chairman FBR reiterated his commitment to develop a close working relationship between FBR and KPRA.

Mr.Zafar Ali Shah, Senior Member Khyber Pakhtunkhwa Board of Revenue and Ms. Anum Saeed, senior associate, also attended the meeting.

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