- Prime Minister Shehbaz Sharif directed the Federal Board of Revenue to expedite tax reforms focusing on digitization, automation, and transparency.
- Emphasis was placed on addressing decades of mismanagement in tax administration.
- The goal is to increase revenue and modernize the FBR for efficiency and fairness.
- Honest taxpayers and legitimate businesses will be supported, while tax evaders and smugglers will face strict legal action.
- A National Targeting System is being implemented to curb sales tax evasion using digital tools.
- A Customs Targeting System is being developed for ports and airports to monitor imports and exports with artificial intelligence.
- Extensive training programs for FBR staff will be initiated to manage new technologies.
- A phased rollout will begin with a pilot project in a key urban center.
- High-risk sectors will face enhanced monitoring.
- Shehbaz praised the FBR for improved performance and urged continued dedication to transforming the tax landscape.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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