Islamabad, August 24, 2020 (PPI-OT): An important meeting was held in the Ministry of Finance to discuss FBR reforms. The meeting was chaired by Advisor to the Prime Minister on Finance and Revenue Abdul Hafeez Sheikh and was attended by Abdul Razzak Dawood, Advisor to PM on Commerce, Textile and Investment, Dr. Ishrat Hussain, Advisor to PM on Institutional Reforms and Austerity and Secretary Finance Division. The FBR officers included Chairman FBR Muhammad Javed Ghani, Doctor Ashfaq Ahmad, Member IR Operations, Ambreen Iftikhar, Member Reforms and Modernization and Asim Ahmad, Member IT. Member Reforms and Modernization gave a detailed presentation to the Committee.
It was decided in the meeting that FBR would submit regular reports on revenue collection along with analysis to clearly bifurcate growth patterns in various sectors. Regarding refunds, new taxpayers, number of POS retailers and resolved complaints, the committee decided that FBR would submit regular reports on this performance indicators region wise to the Finance Division.
The Appellate System and court matters came into discussion as well. The meeting decided that FBR would revamp its existing Appellate structure to extract maximum stuck-up revenue in litigation at various Appellate Foras like CIR Appeals, ATIR, Courts. The meeting decided that FBR would make all out efforts to fully automate Income Tax Refunds and would submit the progress report to the Finance Division regularly.
The matter of simplification of Income Tax Returns was also discussed in the meeting. It was decided that FBR would simplify the Income Tax Returns on sectoral basis and the progress of simplification measures taken by FBR would be submitted to the Finance Division. Regarding monitoring of RTOs, CRTOs and LTUs, it was agreed and decided that FBR would submit regular reports to the Ministry of Finance by providing breakdown of the monthly targets and performance along with trend analysis based on sectors.
The meeting participants acknowledged the necessity of publicizing the reform initiatives for awareness of the taxpayers and decided that FBR would make efforts to publicize the reform initiatives and the progress to the taxpayers through mass media to create awareness about the measures taken by FBR.
It was also decided that FBR would also furnish the regular reports about smuggling situation at borders clearly indicating the number and quantity of seized items. The meeting participants agreed to strengthen Integrity Management Unit of FBR to resolve the complaints quickly.
The meeting decided that FBR would submit report to the Finance Division regarding the assignment of monthly revenue targets and how they were being monitored and assigned. Lastly, the meeting also decided to establish a high level Technical Committee in FBR to evaluate all future proposals.
For more information, contact:
Second Secretary (Public Relations)
Federal Board of Revenue (FBR)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Islamabad, Pakistan
Phone: +92-51-9217267
Fax: +92-51-9208456
Email: mujeeb.talpur@fbr.gov.pk, talpur35@gmail.com
Website: https://www.fbr.gov.pk/