According to a communication of the FBR to the presidents of tax bars, chambers/trade bodies here on Wednesday, as per the decision of the Tax Reforms Implementation Committee (TRIC), new panels of the ADRC for 15 major cities of Pakistan have been notified vide SRO 209(1)12017, dated 28.03.2017. The list of panels contains names of prominent persons such as retired judges (not below the level of district & sessions judge), chartered and cost accountants, advocates, tax practitioners, representatives of trade bodies/associations or reputable taxpayers. The above referred SRO is available on the FBR website www.fbr.gov.pk.
The ADR mechanism is the simple system whereby the taxpayer can refer contentious issues for consideration and recommendations of the independent experts on the subject for making out of court settlement with the tax collectors in the light of such recommendations. "In view of above, you are requested to publicise the above measure of the FBR in your circle of influence as to enable the maximum number of taxpayers to avail the benefit of above referred ADR mechanism. This will save taxpayers not only from the unnecessary litigation but help the FBR get legitimate revenue in a friendly measure thus maximising the environment of trust between tax collector and the taxpayer," the FBR added.
Copyright Business Recorder, 2017