▫️ Transparency in tax returns and asset declarations needed to expand tax net and restore business confidence: Professional Accountants Forum
▫️ ٹیکس نیٹ بڑھانے کیلئے پارلیمنٹیرینز کی ٹیکس اور اثاثوں بارے تفصیلات میں شفافیت ضروری، 2020 سے 2025 تک کی ڈائریکٹریز فوری شائع کی جائیں: پروفیشنل اکاؤنٹنٹس فورم
Karachi | ReNews PakistanThe Professional Accountants Forum (PAFO) has urged the government to ensure that all parliamentarians first file their...
Karachi | ReNews Pakistan
The Professional Accountants Forum (PAFO) has urged the government to ensure that all parliamentarians first file their tax returns and disclose their assets for 2026, while the Federal Board of Revenue (FBR) should immediately publish the parliamentarians' directories pending since 2020.
In a letter addressed to Finance Minister Muhammad Aurangzeb, PAFO President Muhammad Iqbal called for all parliamentarians to file their tax returns for the current year and ensure transparency regarding their tax and asset declarations.
The forum pointed out that the last parliamentarians' directory was published in 2019, while directories covering the period from 2020 to 2025 have not yet been published. It urged the FBR to release all pending directories without further delay.
According to the forum, publication of parliamentarians' tax and asset related information would help strengthen public confidence in the tax system and demonstrate that elected representatives are also fulfilling their tax responsibilities.
The letter further stated that the FBR has repeatedly highlighted its use of modern technology and artificial intelligence capabilities. The forum said timely compilation and publication of parliamentarians' tax information and directories could also demonstrate the practical use of these capabilities.
PAFO said greater transparency in tax returns and asset declarations by parliamentarians could contribute to strengthening public trust and encouraging businesses and traders to voluntarily pay their due taxes.
The forum called for a broader approach to expanding the country's tax base, arguing that tax compliance should be visible across all relevant segments of society rather than being focused primarily on businesses and ordinary taxpayers.
It also stressed that parliamentarians should set an example by complying with tax laws and ensuring transparency in their tax returns and asset declarations. According to the forum, such measures could contribute to promoting a stronger culture of tax compliance and voluntary tax payment.
The letter was sent by PAFO President Muhammad Iqbal to Finance Minister Muhammad Aurangzeb. The Professional Accountants Forum comprises business professionals including chartered accountants, cost and management accountants, MBAs, MComs, ACCAs, MLAs, CPAs, CFAs, CIAs, CISAs, PIPFAs, professionals holding diplomas in Islamic banking and PGD holders from CIE.
The forum urged the finance ministry and the FBR to prioritise publication of the pending parliamentarians' directories and strengthen transparency in tax returns and asset declarations to help improve confidence in the tax system and encourage voluntary tax compliance.