Finance Minister directs FBR to expedite process of income tax refunds
Finance Minister Dr. Abdul Hafeez Shaikh has directed FBR to expedite the process of Income Tax refunds of less than 50 million rupees to facilitate tax payers.
He gave these instructions, while chairing 5th meeting of the FBR Policy Board in Islamabad today.
The chair also accorded approval for the establishment of ‘Tax Policy Unit’ under the administrative control of the Finance Division. A new setup would be created that will include members from FBR and also engage fiscal and economic experts from academia, think tanks and private sector.
Tax Policy Unit would work out policy recommendations for domestic tax collection on the lines of the National Tariff Commission which operates under the Ministry of Commerce
Source: Radio Pakistan