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FBR mulling avoiding advance, early reimbursement of refunds: Chairman

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LAHORE: Federal Board of Revenue (FBR) chairman Jahanzeb Khanhas said
that the board is mulling to get rid of the advance tax collections
and ensure early reimbursement of the refunds and rebates enabling the
business community to circulate their funds in order to uplift their
business.

He was addressing the concluding session of the International
Conference on Tax here at the Directorate of Training and Research
Lahore on Friday.

To a question about the revenue shortfall of Rs 190 billion he said
that the board has collected 45 percent of the revenue collection
target and in the next six months the remaining 55 percent will
collect.

He said that the board is cognizant of the fact that it has a
shortfall and naturally the efforts in the second half will be
enhanced to meet the target.

He said that said that in order to introduce and develop the board on
modern lines the government has assured all out support and investment
in the board especially for the benefiting from the information
technology.

He, however, said that the FBR’s total budget is 0.6 percent of the
total revenue collection of which 78 percent is spent under the head
of salaries and remaining 22 percent goes to the rents of buildings
and other expenses that leave nothing for the development and
innovations in the Board for the research and development.

However, he said that the PM has assured to provide funds for the
development and growth of FBR within the next five years.

To a question about Aleema Khan tax issue, he replied that she has
deposited 25 percent of the due amount and for the remaining amount
she will be treat in manners as the other tax payers are dealt with.

He also mention of the five tax regime after the NFC award and said
Pakistan need to simply the tax collection for the tax payers.

He said that the major concern of the government is to simplify the
tax system for which efforts are underway.

On the occasion Indian tax expert Perkash Kumar presented how the
Indian tax authorities have successfully adopted ‘One Nation One Tax’
system while expert on artificial intelligence Tajamal Hussain
informed about how to deal with the big data  and broadening of tax
base.

Director General DoT Ms Iram Adnan, Director Aftab Alam and a large
number of FBR officers were present

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