ISLAMABAD: Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue on Monday instructed Federal Board of Revenue (FBR) to simplify income tax return form while considering problems faced by various sectors of the economy.
The advisor chaired an important meeting on FBR reforms. Abdul Razak Dawood, Advisor to Prime Minister on Commerce, Textile and Investment, Ishrat Husain, Advisor on Administrative Reforms and Secretary Finance also attended the meeting.
FBR Chairman Muhammad Javaid Ghani, Member IR Operations Dr. Muhammad Ashfaq, Member Reforms Ambreen Iftekhar and Member IT Asim Ahmed represented the FBR at the meeting.
The meeting decided that the FBR would regularly report revenue collection and revenue collection trend of various sectors of the economy.
The FBR will also report the finance ministry about growth in number of taxpayers and number Point of Sales (POSs).
It is decided that FBR would restructure appeal system for early resolution of cases pending before the courts and realize stuck up revenue in these cases.
The FBR has been asked to automate the income tax refund payment system. The meeting asked the FBR to present performance report of RTOs, CRTOs, LTUs regarding monthly revenue collection targets and achievements.
The advisor directed the FBR to present complete report on monthly basis regarding confiscation and seizures of smuggled goods by customs authorities.
The FBR has been asked to further improve integrity management unit in order to resolve taxpayers’ problems.
Regarding revenue collection, the FBR will send monthly targets and will report the finance ministry.