ISLAMABAD: The Ministry of Finance said on Saturday that restructuring of the Federal Board of Revenue (FBR) was on the government’s agenda to improve its governance, efficiency and effectiveness.

An official announcement of the finance ministry said that certain proposals have been prepared in line with international best practices to rationalise and streamline the functions of the FBR, strengthen the policy board, and overall governance, integrity and performance of the revenue agency based on a creative oversight structure that would enhance its accountability to the state and clients.

The creation of specialised administrative structures will be accompanied by better delegation and accountability of administration.

An institutional mechanism is being considered to establish a Tax Policy Group with the right expertise and analytical capability to facilitate the rationalisation of tax regime emphasising fairness and equity.

These proposals have been prepared by the government after months of deliberation and consultation with experts, academics, and senior leadership of FBR and its members.

However, these proposals do not include any item relating to the downsising of the workforce or any outside interference in the administrative matters of Customs or Inland Revenue Service by any other agency or ministry. On Jan 3, the Special Investment Facilitation Council approved FBR’s updated plan and authorised the Inter-Ministerial Committee to investigate legal problems.

On Jan 8, the committee will issue its recommendation on the proposed revisions.

Published in Dawn, January 7th, 2024

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...