The Federal Board of Revenue of Pakistan (FBR) has recently released a user manual titled “Step-wise Tool for Developing Tax Expenditure Report”. This manual aims to streamline the preparation of tax expenditure reports (TERs) by outlining the essential steps to be followed by TER teams, ensuring a structured and efficient process.
During the recent ATI Regional Follow-up Technical Meeting on Tax Expenditures with a focus on Asia held in Nepal, tax officials, fiscal authorities, and representatives praised the TER manual as an invaluable resource that shall assist other countries engaging in tax expenditure reporting.