AGL 40.01 Decreased By ▼ -0.20 (-0.5%)
AIRLINK 127.00 Decreased By ▼ -0.64 (-0.5%)
BOP 6.69 Increased By ▲ 0.02 (0.3%)
CNERGY 4.51 Increased By ▲ 0.06 (1.35%)
DCL 8.64 Decreased By ▼ -0.09 (-1.03%)
DFML 41.04 Decreased By ▼ -0.12 (-0.29%)
DGKC 85.61 Decreased By ▼ -0.50 (-0.58%)
FCCL 33.11 Increased By ▲ 0.55 (1.69%)
FFBL 66.10 Increased By ▲ 1.72 (2.67%)
FFL 11.55 Decreased By ▼ -0.06 (-0.52%)
HUBC 111.11 Decreased By ▼ -1.35 (-1.2%)
HUMNL 14.82 Increased By ▲ 0.01 (0.07%)
KEL 5.17 Increased By ▲ 0.13 (2.58%)
KOSM 7.66 Increased By ▲ 0.30 (4.08%)
MLCF 40.21 Decreased By ▼ -0.12 (-0.3%)
NBP 60.51 Decreased By ▼ -0.57 (-0.93%)
OGDC 194.10 Decreased By ▼ -0.08 (-0.04%)
PAEL 26.72 Decreased By ▼ -0.19 (-0.71%)
PIBTL 7.37 Increased By ▲ 0.09 (1.24%)
PPL 153.79 Increased By ▲ 1.11 (0.73%)
PRL 26.21 Decreased By ▼ -0.01 (-0.04%)
PTC 17.18 Increased By ▲ 1.04 (6.44%)
SEARL 85.60 Decreased By ▼ -0.10 (-0.12%)
TELE 7.57 Decreased By ▼ -0.10 (-1.3%)
TOMCL 34.39 Decreased By ▼ -2.08 (-5.7%)
TPLP 8.82 Increased By ▲ 0.03 (0.34%)
TREET 16.82 Decreased By ▼ -0.02 (-0.12%)
TRG 62.55 Decreased By ▼ -0.19 (-0.3%)
UNITY 27.29 Decreased By ▼ -0.91 (-3.23%)
WTL 1.30 Decreased By ▼ -0.04 (-2.99%)
BR100 10,112 Increased By 26 (0.26%)
BR30 31,188 Increased By 17.5 (0.06%)
KSE100 94,996 Increased By 232 (0.24%)
KSE30 29,481 Increased By 71 (0.24%)

The Federal Board of Revenue (FBR) issued the objectives and mandates of the five sub-groups of the Tax Reform Co-ordination Group (TRCG) including implementation plan of these sub-groups for working out realistic revenue estimates for 2011-2012 to broaden the tax-base for a viable tax policy. In this connection, the FBR has issued details of the sub-groups of the TRCG here on Wednesday.
According to details, Revenue Performance Group would have the mandate to develop and refine tax estimates, disaggregate tax estimates in sectors, disaggregate by months, disaggregate by regions and Groups to specify revenue collection targets for field offices and devise system for its enforcement and review.
Deputy Chairman Planning Commission would work as Convenor of the Revenue Performance Group and members of the group included Chairman Narda, Abdullah Yusuf, Arshad Zuberi, Shabbar Zaidi, Irfan Nadeem. FBR Members included member Strategic Planning and Statistics (SP&S), member Inland Revenue (IR), member Customs and Director General SP&R.
Special Initiatives Group would have the authority to deal with the issue of income tax base expansion, lottery incentive schemes for ST, special measures (stuck up arrears, audit etc), customs valuation and Afghan Transit Trade. Chairman NADRA would work as Convenor of the Special Initiatives Group, whereas members of the Group included Arshad Zuberi, Ali Jameel and Irfan Nadeem. FBR Members included member SP&S, member Inland Revenue, Member Customs, Member TPA, Director General SP&R, Director General IR and Director General Intelligence and Investigation (I&I).
Institutional Improvements Group would have the mandate to handle the issue of technology relating to the PRAL and Agility, Human Resource (HR) specific incentives, refunds and transparency. Ali Jameel would work as Convenor of the Institutional Improvements Group and members of the group included Chairman Nadra, Bashir Ali Mohammad, Arshad Zuberi, Chaudhry Arshad and Irfan Nadeem. FBR Members included Member SP&S, Member Inland Revenue, Member Customs, Director General SP&R and Director General Human Resource Management (HRM).
Outreach Programme Group would have the powers to draft policy to give respect to the complaint taxpayers. The group would also deal with the media projecting FBR, organisations such as NADRA and Planning Commission for any research help, National Assembly, provincial assemblies and provincial governments update on FBR activities reaching non-taxpayers.
Chaudhry Arshad would work as Convenor of the Outreach Programme Group and members of the Group included Bashir Ali, Abdullah Yusuf, Chairman Securities and Exchange Commission of Pakistan (SECP), FBR Member Facilitation and Taxpayer Education (FATE) and Member (F&A).
Tax Policy Group would have the mandate to develop policies for long term, budget proposals to be finalised by March-April and Group would chalk out tax policy on the future vision of two taxes taken forward. Arshad Zuberi would work as Convenor of the Tax Policy Group and Members of the group included Abdullah Yusuf, Shabbar Zaidi, Bashir Ali, Chairman SECP, Member SP&S and Director General SP&R.

Copyright Business Recorder, 2011

Comments

Comments are closed.