Tax-GDP ratio to be improved: Waqar directs FBR technical wings to identify grey areas
The Chairman of Federal Board of Revenue (FBR), Ahmed Waqar, has directed the technical wings of the board to identify the grey areas to be tackled to improve tax-to-GDP ratio. "We have to improve our tax-to-GDP ratio, and broaden the tax base, to enable FBR to play its due role in economic development", he said while addressing the officials of the Board here on Saturday.
He called upon the tax machinery to gear up efforts to improve tax-to-GDP ratio which, at present, is not up to the reasonable level, and low even in the region. He directed the technical wings of FBR to study and identify the grey areas which need to be tackled effectively.
He said that every possible step, including improvement in the existing automated systems, would have to be taken to root out corruption. "No compromise will be given on this issue. We have to improve our image in public," he categorically told the officials.
Waqar said that he was in favour of enforcement of tax laws but without harassment of the taxpayers. Underlining the improvement in the Board's performance, the Chairman emphasised need to adhere to strict discipline among the FBR workforce to considerably enhance its performance and improve the image amongst the stakeholders.
He said that although revenue collection target of Rs 1,250 billion for current fiscal year was challenging but hoped that it would be achieved. He told the officials that he was a pro-reforms person and played his due role in this regard wherever he served. He said that he was a strong believer of change as he believes that status quo was not good for any institution and reforms are necessary for betterment.
Earlier, Member, FATE and official spokesman of FBR, Khawar Khurshid Butt, welcomed Chairman Ahmed Waqar, while Member DT, Member, Customs, and Member, ST, also briefed the new Chairman about their respective Wings. It was decided that detailed representations will be made by each Member separately in the next two days.
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