Committee Established for Implementing Single Sales Tax Return Filing in Pakistan

• Committee formed for implementation of Single Sales Tax Return in Pakistan
• Federal Board of Revenue issued notification outlining committee’s constitution and terms of reference
• Committee formed following tax round table meeting in November 2023
• Committee includes representatives from FBR and four provincial revenue authorities
• Committee’s responsibilities include readiness and operational arrangements, consultation and co-option, decision-making, and making recommendations
• Committee will be supported by Pakistan Raises Revenue Program Office
• Move towards Single Sales Tax Return reflects government’s commitment to tax reforms and promoting transparency
• Stakeholders anticipate positive outcomes for more efficient tax environment in Pakistan

Source: pkrevenue.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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