Bangladesh, China model of tax refunds to be adopted: Hafeez Sheikh.
ISLAMABAD -- Adviser to Prime Minister on Finance, Dr Abdul Hafez Sheikh Wednesday said that in order to facilitate taxpayers to get their tax refunds on time, the government was mulling over adopting Bangladesh and China model.
He was addressing a post-budget press conference, flanked by Federal Minister
for Planning, Development and Reform Khusro Bakhtiar, Minister for Power Omar Ayub Khan, Minister of State for Revenue Hammad Azhar, Chairman Federal Board
of Revenue (FBR) Syed Shabbar Zaidi.
He said 'no doubt there are issues in the tax refunds system and there is lot of room to improve the system and we are doing this'.
He said a special press conference would be held later to inform the game-plan that how improvement would be brought in the system.
Hefeez Sheikh said that under the new model, banks would be used to refund the tax and to reduce the timing.
He also asked all the stakeholders including business community to put forward their practical suggestions to bring about further improvement in the tax refund system.
The Advisor said that the government was also determined to end non-filer and filer system in the country.
He said that if no-filer was going to purchase a car, he had to become a filer with in the 45 days if he or she did not do so, tax team would approach immediately after the expiry of the time.