She expressed these view while addressing the review meeting called to ponder over tax proposals and reservations of tax bar associations, chambers of commerce and industries and transport bodies held here on Thursday. Secretary Excise and Taxation Punjab Dr Bilal Ahmad, Chairman Punjab Revenue Authority Raheel Ahmad Siddiqui and concerned officers of Finance, PRA and excise departments were also present in the meeting.
She further said that the matter of any harassment by public sector is needed to be ended in tax payments and non-tax revenue collection and added that there is a need of technical revision in tax system. She said all the four provinces should settle necessary financial matters with the Federal Board of Revenue to solve the complaints pertaining to double taxes and input adjustments by exporters and investors. "It will help to ease the business environment in the country. Enhancement in resources of the federating units will help to decrease their dependence on the centre," she said.
In the meeting, the Minister divulged that unnecessary receipts in the head of non-tax will be abolished for bringing all other receipts under online system. "It will help to minimize the possibilities of leakage," she added. The Finance Minister directed the Secretary Excise and Chairman PRA to enhance their consultations with relevant stakeholders so that problems of trade and business community could be solved through mutual consultations along with holding dialogues with tax collection agencies of all the provinces. The satisfaction of stakeholders for increasing resources of the governments is the foremost priority of the Punjab government, she added.
The Secretary Excise and Chairman PRA briefed the meeting about feasible proposals of suitable demands of tax bar associations, chambers and transporters and assured all possible cooperation on behalf of tax agencies. Dr Bilal said that the excise department has started the process of joint consultation for solving the problems of the chambers. "They have set up facilitation cell at the LCCI," he added. Raheel Ahmad Siddiqui stressed the need for holding dialogues with the FBR.