Committee formed for providing recommendation to budget
Summary
The Ministry of Finance has formed a Revenue Advisory Committee to provide recommendations for the upcoming fiscal year's budget, focusing on economic affairs and tax policy reforms.
Key Points
- The Ministry of Finance has initiated the process to formulate the budget for the upcoming fiscal year.
- A Revenue Advisory Committee has been formed to provide recommendations to the government on economic affairs and policy measures.
- The committee operates under the coordination of the Secretary (Revenue) of the Ministry of Finance.
- The committee will suggest reforms related to income tax, VAT, excise duty, education service fees, digital service tax, e-commerce taxes, and other internal taxes as per the Finance Act.
