Heading: SENATE BODY PASSES TAX LAWS (AMENDMENT) BILL, 2024 WITH SOME AMENDMENTS - 2024-04-30
Sohail Sarfraz | Zaheer Abbasi Published about 4 hours ago ISLAMABAD: The Senate Special Committee Monday passed the Tax Laws (Amendment) Bill, 2024 with some amendments to expedite disposal of tax litigation of Rs 2.7 trillion pending in courts. A meeting of Senate Special Committee to consider and make recommendations on the Money Bill, the Tax Laws (Amendment) Bill,2024 was held here at Parliament House under the Convenership of Senator Farooq Hamid Naek. Attorney General of Pakistan, Mansoor Awan, briefed the committee that the primary objective of the Money Bill is to create a dedicated ‘Director General Law’ position within the FBR for the timely disposal of tax litigation pending before Commissioner Inland Revenue and Appellate Tribunals. Under the draft Tax Laws (Amendment) Bill,2024, the timelines for the stay orders have been reduced from six months to 30 days he said. He further added that the Money Bill will serve as a safeguard against tax evasion, as the government is determined to broaden the tax base to combat the current financial crunch. Senator Farooq Hamid Naek recommended that the Director General Law…
🔒
Continue readingLogin or create an account to access the complete content.Login / Register
2026 © SLDSYSTEM PK.
All Rights Reserved. Beware of copyright