According to sources, the Federal Board of Revenue (FBR) has suggested doing away with the nomination of Inland Revenue officers to review tribunals due to possible conflicts of interest. In order to maintain fairness, reports claim that about 920) seats now occupied by Inland Revenue personnel in income tax appellate courts would be eliminated and …
FBR Proposes Elimination Of Inland Revenue Officers’ Appointments
According to sources, the Federal Board of Revenue (FBR) has suggested doing away with the nomination of Inland Revenue officers to review tribunals due to possible conflicts of interest.
In order to maintain fairness, reports claim that about 920) seats now occupied by Inland Revenue personnel in income tax appellate courts would be eliminated and replaced by retired officers.
The plan is presently being reviewed, and the relevant laws will be passed in order to put the modifications into effect. The selections of customs officers to customs review tribunals would not be impacted, the Federal Board of Revenue (FBR) has made clear.
The ruling could affect inland revenue officials’ chances of getting promoted. Right now, (21 of the 52 IRS Grade 21) officials have been assigned to appellate courts.
FBR Work On Different Goals
According to a recently released announcement, the Pakistani government had satisfied another requirement of the International Monetary Fund (IMF) by creating a Tax Policy Office under the Ministry of Finance and removing important authority from the Federal Board of Revenue (FBR).
According to specifics, in order to improve efficiency and transparency, the government divided the creation of tax policies from tax collection. The Federal Board of Revenue (FBR) will now only concentrate on tax collection and execution, not policymaking, as a result of the new law.
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The Finance and Revenue Minister will get direct reports from the new Tax Policy Office, which will be in charge of creating reform agendas and evaluating proposed tax laws. With an emphasis on lowering fraud and expanding tax enforcement, the agency will offer policy studies on (federal excise duty, sales tax, and income tax).
Enhancing revenue generation, closing tax loopholes, and enhancing general economic governance are the goals of the Federal Board of Revenue (FBR) reorganization. The FBR reorganization is in line with IMF objectives to provide a more independent tax structure.
