The Federal Board of Revenue (FBR) has set up a dedicated committee to facilitate foreign investors in resolving their tax-related matters and to strengthen coordination with tax authorities. A notification regarding the formation of this committee was issued on Tuesday.
The committee will be headed by Mir Badshah Khan Wazir, Member (Legal-Inland Revenue). Other members include representatives from the Overseas Investors Chamber of Commerce & Industry (OICCI), business associations of the respective foreign countries operating in Pakistan, Commercial Counsellors or officials from the concerned Consulates General, representatives of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), the relevant city’s Chamber of Commerce & Industry, and the Chief (IR-Operations).
According to the terms of reference, the committee will serve as a formal platform for foreign investors to raise and resolve their tax-related challenges. Its responsibilities include ensuring timely decisions on Inland Revenue matters, addressing difficulties in interpreting tax laws, facilitating issuance of refunds, and assisting with withholding tax adjustments.
The committee is mandated to meet every two weeks, or at least once a month, to review and resolve the issues faced by foreign businesses. This initiative is aimed at creating a more investor-friendly environment in Pakistan by providing structured and consistent support to international stakeholders.
