Tarin chairs first meeting of National Tax Council  

ISLAMABAD – Federal Minister for Finance and Revenue Shaukat Tarin urged the National Tax Council (NTC) to work together on the pending taxation matters so that an arrangement relating to harmonization of GST amongst provinces and the federal government could be finalised at the earliest.

He made these remarks while chairing the first meeting of the National Tax Council (NTC) held here at the Finance Division. Finance minister welcomed the participants and stressed upon the need for greater cooperation between the federal and the provincial governments in matters relating to harmonization of general sales tax (GST). He expressed the hope that under the umbrella of National Tax Council, both the federal and provincial governments would move towards the harmonizing taxes across the multiple jurisdictions so as to facilitate the businesses and reduce the cost of doing business in Pakistan. The finance secretary, Government of Pakistan highlighted the TORs of the National Tax Council and the progress achieved so far. The Federal Board of Revenue 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 NTC for the betterment of the country and to build a progressive economy. 

Article source: https://nation.com.pk/02-Sep-2021/tarin-chairs-first-meeting-of-national-tax-council