KARACHI: The Federal Minister for Finance & Revenue has extended the tenure of Tax Reforms Commission for a further period of 90 days with effect from May 17, 2015.

In September 2014, in order to get support of business community during difficult political scenario, the government accepted the demand of trade bodies and formed a tax reform commission to resolve tax issues within four months.

The commission was formed with a view to facilitating the general public about taxation issues and upgrading the current taxation system.

According to the details of the Commission it shall undertake, review and rationalization of direct and indirect taxes; customs tariff rationalization; review of autonomy and administrative structure of FBR and creation of border force to deal with illegal movement of persons and goods across the international borders.

“The Government has a firm resolve to promote tax culture in Pakistan but it is also equally important that the grievances of the people are addressed and their suggestions are acknowledged for improving our taxation system. Reform and rationalization are the key objectives of constituting, this Commission”, said the Finance Minister.