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FBR forms body to facilitate taxpayers

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ISLAMABAD:

To facilitate taxpayers in submitting their sales tax returns, the Federal Board of Revenue (FBR) has formed a special committee for designing, developing as well as implementing a single portal and divided it into three teams.

For the FBR and Punjab Revenue Authority, the committee — in the first phase — will design and implement a single portal sales tax return filing system for the telecom sector by October 31.

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In the second phase, for the FBR and all provincial revenue authorities, the body will design and implement a single sales tax return filing portal for all sectors by May 31, 2024.

According to the document available to The Express Tribune, the special committee set up by the FBR comprises of eight members, who have been further split into three teams.

The first team will include Sher Salim Tariq, Dr Nasir Khan, and Aamir Amin Bhatti. The second team has been set up to enable sales tax return filing through a single portal.

Read ‘Income tax should be universal, not segmented’

This team has been established under the leadership of Zainul Abidin Sahi. Other members of this team include Mehwish Khan, Farhan Azhar and Shahid Sharif.

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The third team will include two members — Muhammad Khalid Jameel and Sadia Kamal. To facilitate taxpayers who failed to meet the initial deadline of September 30, the government announced a month’s extension for the filing of income tax returns for the tax year 2023.

The new deadline of October 31 is aimed at accommodating those individuals, who were unable to submit their returns within the earlier prescribed timeframe.

This decision came as a step to ensure that taxpayers were given ample opportunity to fulfil their obligation and avoid any potential penalties or legal consequences.

The FBR received 0.8% more income tax returns from salaried, non-salaried individuals, the association of persons and companies for the tax year 2023 by September 30.

It received 1.890 million returns till the previous deadline as against the 1.875 million returns filed in the same period of tax year 2022.

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The FBR has recently put forward a plan to increase tax collection to Rs13 trillion within two years by elevating the current low tax-to-GDP ratio to 15% by the end of the fiscal year 2025.

The government has identified a tax gap of Rs5.6 trillion attributed to exemptions and weak compliance.

The interim government aims to generate an additional Rs5.6 trillion over two years, primarily through indirect taxes, constituting 68% of the plan.

It was suggested that there was potential to raise sales tax by Rs3 trillion, income tax by Rs1.8 trillion, and customs duty as well as federal excise duty by Rs800 billion.



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Pakistan

MQM-P urges devolution via constitutional amendments

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Muttahida Qaumi Movement-Pakistan (MQM-P) Senior Deputy Convener Mustafa Kamal has said that his party has proposed three constitutional amendments for the devolution of powers from the Chief Minister’s House to the people in the streets in order to save the country.

Addressing the ‘Meet the Editors’ programme of the Council of Newspaper Editors (CPNE) on the theme of ‘General Elections and Future Strategy’, Kamal said that the amendments proposed by the MQM-P were vital to save the country. He said that the party was sending these proposals to the leaders of all political parties.

Read  MQM-P plans election rallies across Sindh

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“Those who are angry with the slogan of province should support our constitutional amendments,” he said. “Despite the 18th Amendment, powers and financial resources have not been transferred to the grassroots level.” He criticised the Pakistan Peoples Party (PPP), saying that the former ruling party in the provinces was banking on the boycott from London.

However, he asserted that the MQM-P would win all 22 National Assembly seats from Karachi in the upcoming general elections.
“The MQM is fully active for the preparation of the elections,” Kamal said. The MQM-P leader added that currently, there were three major political parties in the country – the Pakistan Muslim League-Nawaz (PML-N), the Pakistan Tehreek-e-Insaf (PTI) and the PPP.

Read more MQM-P raises serious objection to fresh delimitation

On the occasion, MQM-P Coordination Committee member and former federal minister Aminul Haq said that elections would be held on Feb 8. He assured that the MQM-P fully believed in the freedom of expression and the rights of journalists. Whenever any attempt was made to usurp the rights of journalists or restrict the freedom of expression, Haq added, the MQM-P, along with the CPNE and other journalist organisations, resisted and thwarted such moves at every forum, including parliament.



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Ahad Cheema acquitted in NAB reference

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LAHORE:

An accountability court on Friday acquitted Ahad Cheema, the special assistant to the caretaker prime minister, in assets beyond means reference filed by the National Accountability Bureau (NAB).

Accountability Judge Ali Zulqarnain had reserved the ruling on the acquittal plea after hearing arguments of the NAB prosecutor and the defence counsel earlier in the day. Cheema also appeared before the court during the proceedings.

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On Nov 27, in a supplementary report, NAB informed the court that Cheema’s assets were consistent with his known income, asserting that properties held by alleged benamidars/relatives were not his. Based on evidence, the case under NAO, 1999, was not substantiated, it added.

Read Three PM aides fail to submit asset statements

Cheema had served as the Lahore Development Authority (LDA) director general during the PML-N government in Punjab. The bureau had arrested Cheema in 2018 when he appeared before a joint investigation team in connection with the Ashiana-e-Iqbal Housing Scheme case.

Later, NAB initiated assets beyond means and other inquiries against him. However, Cheema obtained bail in three cases, including assets beyond means case in 2021. 



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Bilawal consults legal minds on ZAB reference

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ISLAMABAD:

Pakistan Peoples Party (PPP) Chairman Bilawal Bhutto Zardari on Friday consulted legal minds of his party on the presidential reference case of his late grandfather, Zulfikar Ali Bhutto.

The development came during a meeting of central and provincial officials as well as legal experts of the Peoples Lawyers Forum (PLF) at Zardari House here. Bilawal chaired the meeting.

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During the meeting, the PLF officials briefed Bilawal on the presidential reference case of ZAB. Farooq H Naik and Shahadat Awan participated in the meeting through video link while Qazi Bashir, Bahram Khan Tareen, Raheel Kamran Cheema, Sajid Tanoli, Gohar Rehman Khattak, Ghiyasul Haque and Asrar Abbasi were present.

Read Bhutto murder reference to be heard after 11 years

Syed Nayyar Hussain Bokhari, Faisal Karim Kundi, Raza Rabbani and Amna Paracha were also present in the meeting.
Meanwhile, a civil society delegation also met with Bilawal and discussed the challenges faced by the masses and their solutions.
Bilawal appreciated the delegation for their services and performance in their respective fields.

Ahmed Faraz Khan Advocate, Barrister Saifullah Ghori, Bilal Tariq Khan, Dr Abdul Mohiman, Dr Maria Hamid, Dr Salma Malik, Faheem Sardar, Hafiz Muhammad Tahir, Huma Fawad, Jahanzeb Durrani and Kanwal Malik were among those who met the PPP chairman.

Lubna Bhayat, SM Tariq, Javed Akhtar, Pir Mohammad Anwar, Junaid, Raja Mohammad Khan, Sania Kamran, Shehbaz Zaheer, Shamamata Al Ambararbab, Buland Sohail, Kashaf Ahmed, Talha Rahmani, Osama Malik, Usman Iqbal Bandal and Yusuf Masih were part of the delegation. PPP Information Secretary Faisal Karim Kundi was also present on this occasion.

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