Islamabad, the 24th June, 2021: 61st meeting of the National Assembly Standing Committee on Finance and Revenue was held today at 02:00 p.m., in Committee Room No. 7, Parliament House, Islamabad, under the chairmanship of Mr. Faiz Ullah, MNA.

Mr. Faiz Ullah, Chairman of the Committee welcomed the participants of the meeting.

Minister Finance briefed the Committee about the dialogues with International Monitoring Fund (IMF). The Committee appreciated the briefing however, indicated some anomalies concerning the budget 2021-22 and suggested the Minister to address the same. The Minister assured the Committee to remove all the anomalies.  
The Committee directed FBR to remove the definition of online market place Section 2 (18-A), the deemed retailer clause within the tier -1 retailer condition section (43-AF) and the chargeability of sales tax proposal on online market places under section (3-3C) considered.
The Committee directed FBR to remove the proposed withholding tax on un-registered sellers selling on online market places in addition to the Committee observed that the FBR work with online market places to increase the documentation of un-registered market place sellers. The Committee further recommended that this may be reconsidered in future.   
The Committee directed Ministry of Commerce and National Tariff Commission (NTC) to discus and take all possible measures to remove anomalies in duty structure of tariff concerning Pakistan Custom Tariff (PCT) Codes 4411.9200, 4411.9310, 4411.9390 and 4411.9400) being intermediary in nature as presented by the stakeholders and  recommend that same may be substituted to 11% so that level playing field in the business is provided to all the stakeholders.
The Committee directed Chairman and Member (IR-Policy), FBR, to have a meeting today i.e 24th June, 2021, with the stakeholders from Ginning Sector and Agriculture Sector regarding tax imposition on Agriculture implements and the representatives of Online Market Place.
The meeting was attended by Dr. Aisha Ghous Pasha, Mr. Faheem Khan, Mr. Qaiser Ahamed Sheikh, Mr. Ali Pervaiz, Dr. Rameesh Kumar Vankwani, Mr. Ahsan Iqbal, Mr. Sadakat Ali Khan Abbasi, Mr. Jamil Ahmed Khan MNAs and Minister for Finance and Revenue besides the senior officers from M/o Finance and Revenue, Federal Board of Revenue.