ISLAMABAD: Federal Board of Revenue (FBR) chairman has constituted two anomaly committees — Anomaly Committee-Technical and Anomaly Committee-Business — to identify and remove the technical and legal anomalies in the Finance Bill 2021.
The Anomaly Committee-Technical will be chaired by Naeem Akhtar Sheikh, UHY Hassan Naeem & Co., whereas the co-chairpersons of the Anomaly Committee-Technical will be Ch. Muhammad Tarique, Member (IR-Policy) and Syed Hamid Ali, Member (Customs-Policy), FBR. The other members of the Committee are Mr Ashfaq Tola, Mr Abdul Qadir Memon, Patron Pakistan Tax Bar Karachi, Syed Yawar Ali, Chairman Pakistan Business Council Karachi, Shahzad Hussain, Ex-Partner, AF Ferguson & Co., Mr Khurram Mukhtar, PTEA patron-in-chief, Sadia Nazeer KPMG Partner, Hafiz Muhammad Idrees, Advocate Supreme Court Ex-President Tax Bar, Mr Habib Fakhruddin and Mr Abdul Wahab Kodvavi.
Similarly, Anomaly Committee-Business will be chaired by Mr Sultan Ali Allana, HBL chairman, whereas the co-chairpersons of the Anomaly Committee-Business will be FBR member (IR-Policy) Ch. Muhammad Tarique and FBR member (Customs-Policy) Syed Hamid Ali.
The other members of the Committee are Ehsan A. Malik Pakistan Business Council CEO, M. Shariq Vohra Karachi Chambers of Commerce and Industry (KCCI) president, Irfan Siddiqui Overseas Investors Chamber of Commerce & Industry (OICCI) president, Sherbaz Ilyas Ghazanfar Bilour Sarhad Chamber president, Abdul Samad Quetta Chamber president, Mian Nasir Hyatt Maggo Federation of Pakistan Chamber of Commerce and Industry (FPCCI) president, Mian Tariq Misbah LCCI president, Adil Bashir APTMA Chairman, Asif Peer American Business Council president, Asad Shah PTC Director External Affairs and Amir Waheed, former president of Islamabad Chamber.
The terms of reference of the committees will be to review the identified and submitted anomalies and to advise FBR on the removal of anomalies. Technical and legal anomalies can be submitted on or before the close of office hours on Tuesday, June 22, 2021, to the co-chairmen, anomaly committees in their offices at Room No. 348 (customs) and Room No. 355 (IR), 3rd Floor, FBR House, Islamabad.