• Langrial says new 15pc tax rate on passive income aims to address disparity with active business earnings
• Political leadership and intel agencies’ help enlisted to ensure compliance, root out corruption

KARACHI: Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial on Wednesday detailed a sweeping overhaul of the country’s tax compliance system, vowing to crack down on non-compliant sectors, expand digital monitoring, and address longstanding loopholes in the tobacco, retail and passive income tax regimes.

Speaking to Geo News, Mr Lan­g­rial said that the government’s re­­cent enforcement drive in the sugar sector........

© Dawn Business