Body formed to mull issues regarding minimum tax on corporate sector

KARACHI: The Federal Minister for Finance & Revenue, Senator Muhammad Ishaq Dar, constituted a committee to consider grievances of service providers in relation to minimum tax imposed on the corporate sector by Finance Act, 2015.

The Committee has commenced its business and in a meeting held recently under the chair of Haroon Akhtar Khan, Special Assistant to Prime Minister on Revenue, invited the service providers through their respective trade bodies, who have filed representations before Federal Minister and FBR, to make presentation and justification for considering and recommending reduction in the rate of minimum tax, if so warranted, on Wednesday, 16th September, 2015.

The Committee would give its recommendations after reviewing the presentations made by various trade bodies/associations, having discussion with their representatives and examining the record and sectoral data.

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