FBR to introduce relief-oriented policies

ISLAMABAD—Chairman Federal Board of Revenue (FBR) Abdullah Yusuf has said that the autonomous Federal Board of Revenue (FBR) was making utmost efforts to give maximum relief to common man while formulating tax collection policies. Talking to a private television (ARY One World), he said basic amenities of life including agricultural products and medicines have been exempted from tax to facilitate common citizen.
He said FBR has introduced self-assessment scheme to expand tax-payers base and restore confidence of the masses in the organization that returns filed by them are considered correct.
The Chairman said FBR was computerizing its entire system of tax collection to minimize interaction between tax-payers and tax-collectors to ensure transparency in the process.
During the last year, he said corporate sector had filed their returns through ‘Electronic Filing System’ without visiting offices of FBR.
Abdullah Yusuf vowed to improve efficiency of FBR and make it an effective body to generate sufficient revenues, enabling the government to launch more and more welfare-oriented policies to improve living standard of the common man.—Online