Senate body to consider modalities for implementing special tax relief regimes

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ISLAMABAD: The Senate Standing Committee on Finance, Revenue and Economic Affairs is all set to consider the issues of modalities for implementation of Tax Relief Regimes announced by the government as promised during the passage of FATA, PATA and Malakand region merger bill (the 25th Constitutional Amendment).

The committee meeting, scheduled to be chaired by Senator Farooq Hameed Naek on Wednesday, August 29, would also be briefed by the Federal Board of Revenue (FBR) on the implementation status of the recommendations made by the committee and adopted by the House on the Finance Bill 2018.

The board is scheduled to brief the committee on tax issues being faced by Sino-Hydro Corporation Limited besides presenting its progress report on the action taken by it against corrupt officers as recommended by the Standing Committee in February 2018.

The committee would also be briefed about the sudden changes in the Custom Tariffs, especially that of copper, cotton and some other items, after the immediate passage of Federal Budget 2018-19.

It would consider the subject matter of point of public importance raised by Senator Muhammad Talha Mahmood regarding depreciation of Pakistani rupee against the dollar.

 

 

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