ISLAMABAD: According to credible sources, the Federal Cabinet is likely to approve the Parliamentarians Tax Directory 2020, at today’s meeting.
FBR has been publishing Tax Directories of parliamentarians for the last eight tax years. The tax directory usually contains the tax details of members of the National Assembly, Senate and all provincial assemblies.
The directory includes the name, CNIC, Constituency, Normal Income, Presumptive Income, Agricultural Income, Income Tax Paid, Share of Tax Paid by AOPs (Association of Persons), which the taxpayer has listed.
The meeting of the federal Cabinet, chaired by the Prime Minister Shehbaz Sharif, is to be held on the 3rd of January.
The Federal Board of Revenue earlier sent a summary to the federal cabinet. The approval of said summary, by the federal cabinet, will result in the publication of the Parliamentarians Tax directory 2020.
The FBR first published a Parliamentarians Tax Directory in tax year 2013. Since then, it has proved to be an integral part in the Board’s attempts at showcasing transparency in tax governance.
Discrepancies in the tax records of parliamentarians has led to various political campaigns in the past. Associated with the Tax directory 2020, are important cases, including the Toshakhana reference, against the PTI leader Imran Khan.
In addition to the directory, the Board of Investment (BoI) is also expected to brief the cabinet on regulatory rules. The Ministry of National Health Services will also present the summary of reduction of 20 medicines, as per sources.
The federal cabinet will also be informed about the decisions taken in the National Security Committee. The highest decision making forum will also consider the law and order situation along with the political situation of the country. Â
