FBR Committed to Enhance Revenue Collection through Data Automation and Innovative Solutions

Islamabad-FBR Committed to Enhance Revenue Collection through Data Automation and Innovative Solutions, The second meeting of the Task Force on Digitalization of Federal Board Revenue was held at FBR Headquarters, chaired by Minister of State for Finance and Revenue, Mr. Ali Pervez Malik, and co-chaired by DG C41, Major General Syed Ali Raza. The meeting aimed to transform FBR into a modern and digitalized organization to achieve sustained growth in national revenues.

The conveners of the Working Groups presented their initial findings and recommendations on restructuring PRAL, data integration, supply chain automation, and trade data sharing interface. Minister of State appreciated the efforts and emphasized the need to harness available data to identify potential taxpayers and enhance revenue collection.

Chairman FBR, Mr. Rashid Mahmood Langrial, stressed the importance of optimizing IT services and improving other areas alongside digitizing FBR. The Task Force decided that the Working Groups will firm up their recommendations and submit them in the next meeting, which will be presented to the Prime Minister for implementation.

The meeting was attended by senior officers of FBR, Task Force members, and representatives from various organizations, including Lotte Akhtar Beverages Ltd, NADRA, LUMS, Systems Ltd, PRAL, and others.

Speaking on the occasion, Minister of State appreciated the initial findings and recommendations of the Working Groups. He emphasized the need to harvest the already available data to identify potential taxpayers and bring them under the tax net for enhanced revenue collection and broadening of tax base. He was of the view that improving visibility of data integration will bring transparency in the system. He also directed to invite representatives from Ministries of Foreign Affairs & Commerce, SECP and State Bank of Pakistan in the next meeting.

New Deadline Set for Sales Tax and Federal Excise Returns by FBR

Chairman FBR called for enabling FBR to optimally utilize IT services of PRAL by transforming the latter into an efficient entity. He stressed upon focusing on improving other areas along-with digitizing FBR. He said that cleansing of retrieved data is also necessary to make it more actionable. He expressed optimism that FBR is committed to enhance revenue collection through implementation of data automation and other innovative solutions.

The presentations were followed by extensive discussion among the Task Force members. The forum decided that all the Working Groups will further firm up their initial findings and submit the final recommendations pertaining to their relevant area (s) in the next meeting of the Task Force which will be then presented to the Prime Minister of Pakistan for their implementation.