The goal of tax reform is to simplify the tax system, reforms will address the shortcomings in the tax system, PM Imran Khan said

The goal of tax reform is to simplify the tax system, reforms will address the shortcomings in the tax system, PM Imran Khan said

ISLAMABAD: Prime Minister Imran Khan has said that the purpose of tax reforms is to simplify the tax system, reforms will remove the shortcomings in the tax system, Let business be easy and economy grow.

According to a statement issued by the media wing of the Prime Minister's Office, he expressed these views while presiding over a meeting on tax reform here on Friday. The meeting was attended by Federal Minister for Economic Affairs Makhdoom Khusro Bakhtiar, Federal Minister for Finance Dr Abdul Hafeez Sheikh, Federal Minister for Planning and Development Asad Umar, Federal Minister for Industries and Production Hamad Azhar, Advisor to the Prime Minister on Trade Abdul Razzaq Dawood and Special Assistants to the Prime Minister Dr Ishrat. Hussain, Dr. Waqar Masood, Tabish Gohar, Nadeem Babar, Chairman Board of Investment and other senior officers participated.

Addressing the meeting, the Prime Minister said that the aim of tax reforms was to simplify the tax system and eliminate the shortcomings in the system. He said that the discretionary power of the tax collector would be reduced. Automation will be introduced to ensure transparency of the tax system.

The Prime Minister directed that special attention should be paid to the issue of flying invoices and the tax system should be set up in such a way as to facilitate business and develop the economy.