Chairman Azad Jammu and Kashmir AJ&K Central Board of Revenue (CBR) Farhat Ali Mir met Chairman Federal Board of Revenue (FBR) Javed Ghani at FBR Secretariat in the federal capital and discussed the matters related to AJ&K CBR, it was officially said.
Chairman AJ&K CBR Mir briefed Chairman FBR Ghani that AJ&K government has established AJ&K CBR as a fulfledged taxation authority for the region with the policy and regulatory functions like FBR at Federal level and Revenue Authority at the provincial levels, an AJK Government Handout issued here Sunday said.
Chairman CBR Mir further informed that AJ&K government has adapted a law of FBR Act 2007 and legislated AJ&K CBR Act 2020, therefore AJ&K CBR is filled and charged with similar authority and functions to bring in fiscal policies and regulate taxation functions within AJ&K. It will have to ensure setting up taxation target and to implement fiscal policies regarding all types taxes of federal and provincial nature.
This measure will ensure generation and upscale of tax revenue regime in AJ&K. Chairman AJ&K CBR Mir raised several issues needed dispensation fromm FBR including signing of Service Level Agreement (SLA) and establishment of Dryport at Mirpur. Chairman FBR Ghani was informed that AJ&K government has already earmarked 100 kanals of land at Industrial Area Mirpur for Dry Port and now FBR should take urgent action for establishment of the project which was being pursued by AJ&K government since 1993.