Heading: NON-FILERS, TAX EVADERS: DATA SHARING AMONG KEY STAKEHOLDERS UNDER WAY: MCKINSEY - 2024-08-14
ISLAMABAD: The global consulting firm, McKinsey & Company Tuesday informed that data sharing among key stakeholders was under way to ultimately compile a high-quality data to identify non-filers and those dodging the system to evade income tax, sales tax and customs duty. The first meeting of the Task Force on Digitalization of Federal Board Revenue was held here on Tuesday at FBR Headquarters which was chaired by Minister of State for Finance and Revenue Ali Pervez Malik and co-chaired by DG C41, Major General Syed Ali Raza. The meeting was also attended by Chairman FBR Rashid Mahmood Langrial, Members and other senior officers of the Board along-with Task Force members including, among others, Mr. Ghazi Akhtar from Lotte Akhtar Beverages Ltd, Asif Peer from Systems Ltd, Amir Malik, CEO PRAL, Tania Aidrus and Gohar Marwat Project Officer, NADRA, while Waqas-ul-Hasan and Fareed Zafar joined the meeting virtually. According to the sources, a new documentation law as well as enhancement of the powers of National Database and Registration Authority (NADRA) would also be considered to achieve the ultimate objective of FBR’s digitalization. The provinces would be approached by the NADRA to provide complete tax data to facilitate digitization for enhancing tax base. The NADRA would hold meetings with provinces to access their capability for providing the requisite data. The NADRA would specify categories of data to the provided by all provinces, sources added. In his opening remarks, State Minister for Finance said that Prime Minister of Pakistan has constituted the Task Force to submit recommendations to completely digitize all the systems of FBR. ‘If the country needs to transition to a more inclusive and sustainable growth then end-to-end-digitization of FBR is imperative’, stated the State Minister. He explained that the ultimate goal of Task Force is to formulate such policy interventions which can improve efficacy of FBR to further build up revenue stream for the country. Speaking on the occasion, DG C41 said that the end result of reform agenda of the Government is to increase tax-to-GDP ratio of the country for enhanced revenue generation. He emphasized upon…