Federal, provincial govts coordination must for GST regime harmonisation: Tarin

ISLAMABAD: The federal and provincial governments would move towards harmonising taxes across the multiple jurisdictions to facilitate the businesses and reduce the cost of doing business in Pakistan, a senior government official said on Wednesday.

Presiding over the first meeting of the National Tax Council (NTC) held at the Finance Division, Federal Finance and Revenue Minister Shaukat Tarin stressed to work together on the pending taxation matters so that an arrangement relating to harmonisation of GST among the provinces and the federal government could be finalised, at the earliest.

The finance secretary highlighted the Terms of reference (TORs) of the National Tax Council and the progress achieved so far.

The Federal Board of Revenue (FBR) and the respective provincial finance departments gave a productive and positive input on various taxation issues, which came under discussion.

The provincial finance ministers welcomed the initiative of the federal government and assured to move ahead under the umbrella of the National Tax Council for the betterment of the country and to build a progressive economy.

Punjab Finance Minister Makhdoom Hashim Jawan Bakht, Khyber-Pakhtunkhwa Finance Minister Taimur Khan Jhagra, Balochistan Finance Minister, finance secretary, government of Sindh, Sindh Board of Revenue, chairman, Finance Division secretary, FBR chairman and other senior officials participated in the meeting.

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