Committee formed to restructure FBR into Pakistan Revenue Authority
Last updated on: 17 November,2019 03:23 pm
Importantly, four subcommittees have also been formed to put more effort into the matter.
ISLAMABAD (Dunya News) – As the federal government has expedite the reforms process for restructuring the entire tax machinery and introduce centralised collection of general sales tax (GST) on services and goods, a seven-member steering committee has been constituted under the supervision of Federal Board of Revenue (FBR) chairman Shabbar Zaidi.
Importantly, four subcommittees have also been formed to put more effort into the matter.
The committees are tasked to look for the future status of the tax authority under the federal government as attached department or semi-autonomous body or completely autonomous.
Other issues which the committees will look into relate to recruitment, retention, capacity, remuneration, financial autonomy, organisational structure and work process.
On Oct. 3, Prime Minister Imran Khan convened an important meeting to approve the proposed structure of the Pakistan Revenue Authority (PRA) and field formations. These reforms are part of the World Bank-funded ‘Pakistan Raises Revenue Project’.
The plan aims to restructure the incumbent Federal Board of Revenue (FBR) into Pakistan Revenue Authority (PRA) with a deadline of June 2020.
Meanwhile, the Ministry of Finance has been preparing a comprehensive framework for the PRA and centralised GST collection on services by the PRA.