Islamabad: Prime Minister Shahbaz Sharif has established a 10-member task force to modernise Pakistan’s tax system through the digitalisation of the Federal Board of Revenue (FBR), as reported by a news source on September 4.
Read: FBR eyes 1% Withholding Tax increase to counter revenue shortfall
According to the details, the task force is charged with overhauling FBR’s operations by introducing comprehensive digital solutions. The main objectives include:
- Development and implementation of policies aimed at the digitalisation of operations and processes.
- Automation across data management and software systems should be introduced to enhance efficiency.
- Ensuring seamless integration of data between provincial and federal departments for improved coordination.
- Utilisation of CNIC data to conduct risk-based audits, thereby expanding the tax base.
- Development and maintenance of an automated supply chain system to optimise logistics and inventory management.
Additionally, the task force aims to develop a track-and-trace system, restructure PRAL (Pakistan Revenue Automation Limited) into an independent IT bureau, and create a trade data-sharing interface with international partners.
Read: FBR targets PKR 1.196tr tax collection in Sep to align with IMF requirements
The task force is expected to submit its recommendations within a month, reflecting the government’s focus on using technology to enhance revenue collection, improve transparency, and streamline tax administration.