March 20: The government has sought feedback and suggestions from all stakeholders on the revenue policy to be included in the financial act for the upcoming fiscal year.
Issuing a notice on Sunday, the Ministry of Finance has appealed to all concerned to provide their feedback by April 3 on matters concerning customs duty, value added tax, income tax, excise duty, non-tax revenue, and revenue leakage control.
The notice was issued by the Revenue Advisory Committee, which has been working as a mechanism to give feedback and suggestions on revenue management to the government. Based on suggestions and feedback received from various quarters, the committee will submit a report to the government.
Suggestions are also being sought on enacting new tax laws, repealing if necessary any legal provisions and changing tax rates.
The Ministry of Finance also informed that nine different thematic sub-committees have been formed to prepare the report of the Revenue Advisory Committee. -- RSS