Islamabad : Jan 6 : An official handout issued here on Saturday said restructuring of FBR is on the agenda of the Government to improve its governance, efficiency and effectiveness.
It noted the restructuring of FBR is on the agenda of the Government, to improve its governance, efficiency and effectiveness. Certain proposals have been prepared in line with international best practices to rationalize and streamline the functions of the FBR, strengthen the FBR policy board, and overall governance, integrity and performance of the revenue agency based on a creative oversight structure that would enhance its accountability to the state and clients.
The creation of specialized administrative structures will be accompanied by better delegation & accountability of administration. An institutional mechanism is being considered to establish a Tax Policy group with the right expertise and analytical capability to facilitate rationalization of tax regime emphasizing fairness and equity in tax regime.
According to the handout the proposals have been prepared by the government after months of deliberation and consultation with experts, academics, and senior leadership of FBR and its members. However, these proposals do not include any item relating to the downsizing of workforce or any outside interference in the administrative matters of Customs or Inland Revenue service by any other agency and ministry.
It maintained trust the reports carried by digital media on the restructuring of the Federal Board of Revenue misrepresent the objective and scope of reforms that are much needed to lift the tax/GDP ratio, while ensuring level playing in burden sharing and allowing for tax and investment facilities.
Pakistan tax collection system has been a big failure. In serious views , FBR discourages business activities through anti business planning and strategies . The only beneficiary of current tax system are its employees whose assets in almost every one case is in billions . The FBR asks commoners to get registered with tax system and pay tax , but a sizeable employees of the FBR do not even file returns to hide their assets as these assets are amassed through corruption.
