Federal Board of Revenue (FBR) has categorically denied the insinuation made in the story published in an English Newspaper on February 8, 2022 with the title “Yet another ‘Finance Bill’ on its way?” FBR has clarified that the review of the tax laws is an ongoing exercise which FBR undertakes in routine.
FBR is currently grappled with harmonization of the existing tax laws into IR-Code which would be a major milestone as it would not only add to administrative convenience in the enforcement of tax laws but also contribute to ease of doing business. PR
