A parliamentary committee on Friday expressed serious reservations over the recently promulated regulation on tax law (amendments), 2025, and declared it a brutal measure. A meeting of the National Assembly’s Standing Committee for Funding was held at the House of Parliament under the presidency of Syed Naveed Qamar. During the meeting, members of the PPP expressed reservations over the presidential decree. In a comment on what, Qamar noted that the Tax Regulation was issued just one day before the National Assembly Session. "This is very inappropriate. What was the emergency that required the issuance of a tax regulation by the June budget?" He asked. The Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial stated that although the VAT law allows production monitoring, this provision was absent in income tax. He claimed that poultry companies were involved in tax evasion and noted that the cost of producing a chicken is RS65 for RS75, while companies earn RS100 profits per year. Chicken daily.
"A company had paid RS1.3 billion in annual taxes, but in fact it owed RS10 billion. After action was taken against the business, chicken prices began to fall," he said. He said the tax return of similar companies is fraudulent. "The Presidential Regulation allows the FBR authority to monitor production and allow it to recover taxes on orders from the Commissioner’s appeals, assessment officer and court, ‘he said. The chairman revealed that tax evasion in the tobacco sector is estimated between RS250 to RS300 billion and that provincial police and administration are given the powers to catch tax evasion. However, he admitted that the regulation will not provide significant recovery and estimates only an increase of 5% to 10% or approx. RS30 billion in additional revenue. He said that both the federal cabinet and the president had made an informed decision in the issuance of the regulation. Naveed Qamar warned that police officers can give up their regular tasks to pursue tax enforcement.