Finance Minister forms a committee RRMC

December 1, 2022 (MLN): Finance Minister Ishaq Dar has constituted a Reforms and Resource Mobilization Commission (RRMC) committee, a notification issued by the Federal Board of Revenue (FBR) on Thursday showed.

The committee comprised of the following members, Chairman Mr. Ashfaq Tola, Mr. Asif Haroon, Mr. Haider Ali Patel, Mr. Abdul Qadir Memon, Mr. Veqar Ahmed, Mr. Saqib Sherazi, Mr. Ghazanfar Bilour, President FPCCI or his Nominee, President Pakistan Tax Bar Association, Chairman FBR, member (Reforms and Modernization) FBR Secretary to the commission.

The committee will advise and make a recommendation to FM on the following areas:

1. To review existing revenue policies, evaluate FBR data at the macro level, and identify initiatives/measures/policies for resource mobilization, ease of doing business, and pro-economic growth.

2. To identify issues/difficulties/snags/risks of the existing tax system and recommend remedial measures.

3. To review the budget proposals, evaluate their consequences on business, and advise FM on practical aspects of budget proposals.

4. To review the proposed amendments in Finance Bill and make recommendations to the FM on the implications of proposed amendments on businesses.

5. To review the complexities of tax legislation and recommend simplification, e.g, different compliance levels for different categories of taxpayers.

6. To suggest an action plan to curb the parallel economy and to make recommendations for improving financial inclusion in the documented system.

7. To review and recommend a robust IT system on modern lines and upgrade existing IT facilities to maximize tax compliance, and enforcement, broaden the tax base, and provide taxpayer facilitation.

8. To make recommendations for minimizing taxpayer/tax collector interaction and maximizing trust between FBR and the taxpayers.

9. To review and advise restructuring of FBR from the following perspectives:

a.To evaluate the possibility of making FBR autonomous

b.To evaluate the possibility of establishing an independent audit system

c. To evaluate the possibility of establishing a separate legal department

10. To make recommendations on the harmonization of GST between the Federation and Provinces and the development of a single portal for filing sales tax returns.

11. Any other related matter.

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