Body to mull issues regarding minimum tax on corporate sector
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 on 9th September, 2015 under the chairmanship of Mr. 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 at 10.30 am.
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.
Shahid Hussain Asad
Senior Member (Inland Revenue-Policy
Sep 09, 2015