Dear Member,

We would like to inform you that Federal Board of Revenue (FBR) has started the process of getting proposals for the Financial Bill 2023-24 and is seeking in the following areas:

• Broadening of tax base for a wider participation in revenue generation efforts;
• Taxation of ream Income on progressive basis;
• Phasing out of tax concessions and exemptions;
• Removal of tax distortions and anomalies;
• Facilitation of taxpayers and ease of doing business;
• Promoting equity in taxation by introducing measures where incidence of tax is higher on different classes.
• Another other area of interest.

You are requested to please send your input/suggestions for onward submission to the FBR:

Thanking you,
Yours sincerely,

Majid Shabbir
Secretary General