Tax laws being simplified to increase tax net: Hammad Azhar

Minister of State for Revenue Hammad Azhar says tax laws are being simplified to increase the tax net in the country.

In a media briefing, he said the implementation of reforms at Federal Board of Revenue will help it collect taxes swiftly.

He said in the Finance Bill no tax was imposed on poor segments. Rather, it hit the wealthy class.

Hammad Azhar said rates of gas were increased in order to overcome the increasing deficit of gas companies. However, the slabs are rationalized in order to not hurt the lower income strata of the country.

Minister of State for Revenue said the successful foreign tours of Prime Minister Imran Khan led to increased inflow of dollars into the country which helped stabilize the economy and import bill.

Source: Radio Pakistan