Wednesday, October 20, 2021

FBR announces end to political interference

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ISLAMABAD: Federal Finance Minister Shaukat Tareen has hinted at eliminating the possibility of political interference in the Federal Board of Revenue.

According to ARY News, Finance Minister Shaukat Tareen visited the FBR headquarters, where he addressed officials of the Federal Board of Revenue.

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“The government is committed to giving full autonomy to the FBR. The possibility of political interference in the FBR should be eliminated. The Federal Board of Revenue is welcome to exceed the target,” he said.

He said that FBR is committed to the target of Rs 5829 billion this year, efforts are being made to increase the tax net, under which NADRA, private sector committees are working.

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read more: Allowing provinces to collect taxes

Shaukat Tareen said that the point of sales system is another important initiative of FBR, which will be able to record all transactions at the level of retailers. The track and trace project will start from November. Funds of Rs. Have been released.

The Finance Minister said that “automated tax system will bring transparency in tax matters. A grant of Rs 3.8 billion for Information Technology (IT) and Cyber ​​Security has been released this week.”

He also said that under the single window project, 70 departments would come together on one platform.

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