PM for timely implementation of tax reforms
He also instructed that the implementation of reforms should be ensured to modernise
Prime Minister Shehbaz Sharif emphasized the importance of timely implementation of tax reforms during a weekly review meeting on Friday. He directed authorities to expedite the enforcement of reformative measures in the tax system and intensify efforts against tax evasion, smuggling, and illegal businesses. The prime minister stressed the need for transparency, effectiveness, and sustainability in the process, highlighting digitalization, production monitoring, and automated systems as key pillars of the Federal Board of Revenue (FBR) reforms.
The meeting addressed the restructuring of PRAL, the digitalization of the tax system, and measures to combat smuggling. It was reported that the government is deploying skilled goods evaluators at FBR and appreciates the efforts of the Board's chairman and team. The participants received updates on the ongoing reforms, including the development of IRIS 3.0, a new tax operating model, and the creation of a central data hub to modernize the tax system.
International consultants have been hired to design IRIS 3.0. Steps are being taken to implement auto-taxation and utilize artificial intelligence and machine learning to enhance tax collection. New senior-level appointments have been made in PRAL across various sectors, including technology, data security, operations, and the tax domain.
The prime minister assured that these efforts are aimed at the development of the country and the strengthening of the tax system.
Written by urgent.news from The Express Tribune - Pakistan's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
