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FBR: dismal income tax collection

The continuously declining dismal share of income tax in overall tax collection during the last many years testifies to the lack of judicious balance between direct and indirect taxes, resulting…

FBR — making tax digital and beyond (II)

The top global trend at the moment is continuous transaction control-CTC aiming to close VAT gaps, increase revenue and have more control over data. CTC regimes however, is not uniform…

FBR: new chairman old challenges

On July 4, 2017, Tariq Mahmood Pasha, a seasoned grade-22 officer from Internal Revenue Service (IRS), assumed the charge of Chairman Federal Board of Revenue (FBR). The appointment of chairman from…

FBR’s resistance to tax reforms

Fiscal consolidation should be as growth-friendly as possible. In general, tax base-broadening reforms are identified as growth-oriented reforms. To the extent that they reduce distortions to economic decisions on work,…

FBR: audit closure, capacity & legality

According to a Press report, the government of Pakistan Tehreek-i-Insaf (PTI) “has quietly closed over 310,000 tax audit cases that had been automatically selected from 2015 to 2017 due to…

Setting FBR target for FY2020-21

Projecting budgetary targets, in general, and tax revenue, in particular, with a fair degree of accuracy is an essential element of sound fiscal management and, therefore, of maintaining fiscal discipline…

FBR: embracing the digital

For the first time, the FBR is keeping pace with the changes taking place on the tax landscape around the world. The question is: how far will the move be…

FBR’s quest for reforms, modernisation

“We need to lower tax rates for everybody, starting with the top corporate tax rate. We need to simplify the tax code. The ultimate answer, in my opinion, is the…

FBR performance

The performance of the tax collecting wing of the Ministry of Finance, Federal Board of Revenue (FBR), remains a source of serious concern to not only development partners and independent…

FBR’s statistics: a critical analysis — I

On September 18, 2020, Federal Board of Revenue (FBR) released ‘Parliamentarians’ Tax Directory for Tax Year 2018’, ‘Tax Directory of all Taxpayers for Tax Year 2018’ and ‘Tax Directory Analysis…