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FTO cannot assume the role of revenue maximiser or taxation policymaker: President
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FTO cannot assume the role of revenue maximiser or taxation policymaker: President
ISLAMABAD: President Asif Ali Zardari has categorically declared that the Federal Tax Ombudsman (FTO) cannot assume the role of revenue maximizer or tax policy maker through interpretation of tax laws. The President has accepted 11 representations of the Federal Board of Revenue (FBR) against own motion findings/recommendations of the FTO in 11 different cases and subsequently modified the order of the FTO. In this regard, the President’s Secret…
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