The Chairman of Federal Board of Revenue (FBR), Abdullah Yousuf, has called upon the entire taxation machinery at Islamabad to discuss the issue relating to levies' shortfall in collection, which is likely to be over 6 percent by the end of last quarter of the current fiscal year.
Sources in Sales Tax office told Business Recorder on Monday that the "Chairman is very keen to minimise the expected short collection in taxes and taking positive measures in this regard". With a view to dig out the causes and solution of the likely shortfall, the FBR is holding Collectors' conference from April 24 to 26 in Islamabad, they said.
They said that the issues related to past cases, which have been pending over years and undecided, in spite of getting favourable decisions from appellant tribunals, would also be discussed in the conference. Sources said that after the formation of new government, bureaucrats have been active to convince it with past initiatives. They are also planning to get lucrative incentives from incumbent government, as this conference is aimed to get their motives.
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