Canada Global(Web News) FBR has prepared an implementation report for ending tax exemptions as per IMF terms which has been shared with the IMF team and introduced a new tax amnesty scheme to the IMF. It has been assured not to.
According to the sources, there were technical level talks between the FBR officials and the IMF. The progress was discussed.
The FBR has submitted a report on the implementation of the IMF’s conditions, which states that the target of income tax refund payments from July to September 2023 has been achieved. Income tax refunds payments were capped at Rs 200 billion till, income tax refunds payments are being reduced gradually, FBR waived tax during the first quarter of the loan program.
