Pakistan's Federal Board of Revenue recently announced the launch of an initiative to simply tax laws that will include harmonizing the four main tax laws by merging them into a single law book, the harmonized Inland Revenue Code, that will be supplemented by a single rules book. The harmonized Inland Revenue Code is to be drafted by March 2022, after which it will be consulted on and submitted in parliament, with the hope that it will be enforced with effect from 1 July 2022. --- ADVISOR TO PM ON FINANCE & REVENUE LAUNCHES HISTORIC INITIATIVE ON SIMPLIFICATION OF TAX LAWS...