FBR holds three-day ICT on Feb 06

KARACHI – The Federal Board of Revenue (FBR) is all set to host a three-day International Conference on Taxation (ICT) commencing on February 6, 2019.

This conference promises to be an exceptional platform for the exchange of ideas and expertise on a global scale, bringing together representatives from various countries, including the United Kingdom, the Russian Federation, and India.

Directorate General of Training and Research of Inland Revenue of the FBR has taken the initiative to organize this conference, recognizing the significance of international cooperation in the realm of taxation. It is a testament to the commitment of these nations to explore innovative approaches to address challenges in taxation and promote economic growth.

During the three-day conference, participants will engage in discussions on a wide array of topics that are pivotal in shaping the future of taxation and its impact on economic development. These topics include:

1. Economy of Pakistan and Tax Reforms:

One of the primary themes of the conference is to discuss the economic landscape of Pakistan and the ongoing efforts in implementing tax reforms. Pakistan has been actively working to enhance its taxation system, seeking to make it more efficient and transparent. By examining the progress and challenges of these reforms, the conference aims to provide valuable insights that can guide Pakistan towards a more robust and equitable tax structure.

2. International Taxation, Digital Economy, and Intergovernmental Exchange of Information:

In an increasingly globalized world, international taxation has become an essential area of focus. The conference will delve into the intricacies of international taxation and the impact of the digital economy on cross-border transactions. With the exchange of financial information becoming more vital for governments to combat tax evasion, this aspect of the conference is expected to address the nuances of intergovernmental collaboration and data sharing.

3. Big Data, IT Capacity, and Infrastructure:

The role of technology in modern taxation cannot be overstated. Big data and advanced information technology systems have revolutionized the way governments collect and analyze tax-related information. The conference will explore the significance of these technological advancements and the requirements for a robust IT infrastructure to ensure efficient tax collection and enforcement.

The participation of countries like the United Kingdom, the Russian Federation, and India signifies the global importance of addressing these topics collectively. The insights and best practices shared by these nations can be instrumental in shaping tax policies in Pakistan and other participating countries.

The ICT conference also marks a significant stride in Pakistan’s endeavors to foster international cooperation in the field of taxation. Such collaborations are crucial in addressing the challenges posed by the evolving global economic landscape and ensuring that tax systems remain fair, transparent, and conducive to economic growth.

Furthermore, this event provides an opportunity for networking and establishing connections between tax professionals, policymakers, and experts from various corners of the globe. The exchange of ideas and experiences during this conference could potentially lead to innovative solutions for the complex challenges faced in the realm of taxation, ultimately benefiting not only the participating countries but the international community as a whole.

As the date of the International Conference on Taxation approaches, anticipation is high for the outcomes of the discussions and the potential impacts on the global taxation landscape. This event exemplifies the commitment to international collaboration and the quest for progressive tax systems that promote economic prosperity and equity.

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