Federal Board of Revenue Replaced by PRA on 31 DEC

Federal Board of Revenue Replaced by PRA on 31 DEC

LAHORE: The Federal Board of Revenue Replaced by PRA (Pakistan Revenue Authority) on December 31, 2019, sources told The Daily Business on Friday.

Sources said the FBR workforce will be drastically reduced. Both the Customs and the Inland Revenue Service (IRS) are setting up a joint vigilance and integrity wing to bring in bookkeepers.

It is said that the most important feature of the restructured FBR (PRA) will be that the policy matters will be stripped of the FBR and given to the finance ministry.

The source said the restructuring will be the second most distinctive feature

The scheme that ranks higher offices will be reduced.

Sources said that the BS21 officers who currently rule two to three collectors and directorate will be reduced to collectors and directors.

Sources say corrupt officers will not be able to get to BS20.

Another source has confirmed that under the World Bank program, Pakistan Revenue Authority (PRA) will replace the Federal Board of Revenue (FBR) in a single tax collection organization that will collect all tax liabilities.

At one meeting, it was observed that the current structure of the FBR is highly official, which is not in line with the technology-driven tax administration around the world.

Sources claim that the proposal has already been circulated to the concerned ministries and departments for testing, while Prime Minister Imran Khan has advised the concerned authorities to complete the process by June 2020.

The meeting stated that the need for the establishment of Pakistan Revenue Authority, a technology and technology driven by the task (lean organization), with the legislature empowered.

The Revenue Division has made a comprehensive proposal for the establishment of the Pakistan Revenue Authority (PRA) through the World Bank’s Pakistan Revenue Project (PRA) and for the central collection of the GST.

It was stated in the meeting that in the interim, FBR headquarters needed restructuring / reorganization on functional lines to separate domestic revenue and customs operations in the northern and southern regions.

It is proposed to appoint two BS-21 Deputy Chairmen of the FBR for effective coordination and monitoring of separate functions of Inland Revenue and Customs.

Large administrative and functional restructuring of existing regional tax offices (RTOs), major taxpayer units (LTUs) and district tax facility centers has also been proposed.

It was also suggested that through the coordination, facilitation, guidance and supervision of the PRA, the various provincial revenue authorities should be consolidated under the same authority for each province.

The meeting suggested that the two issues related to recovery, jurisdiction and tax evasion, including services to GST be resolved (as part of the PRA’s responsibility).

Source

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