Federal Board of Revenue (FBR) Inland Revenue Audit Officers Association (IRAOA) has urged the government to appoint new FBR Chairman from Inland Revenue Service as more than 90 percent revenue is being collected from domestic taxes, ie income tax, sales tax and Federal Excise Duty.
In a statement issued by the IRAOA here on Tuesday, the association has informed the government that more than 2,000 IRS officers are working day and night on monitoring and managing domestic tax matters. In almost all advanced countries VAT management tackles all domestic issues. So it is need of the hour that new Chairman should be from newly created IR Service so that he may be able to more effectively handle all domestic issues by taking on board all the stakeholders.
In case of appointment of Chairman from the IRS, the association will warmly welcome new IRS chairman and assure its full co-operation to the tax authorities.
The FBR Chairman has vast experience of taxation and supervision as evident from the record revenue collection of FBR of over Rs 1910 billion for 2011-12, reflecting team efforts under FBR Chairman Mumtaz Haider Rizvi and FBR Member Inland Revenue Service Shahid Hussain Asad, the association added.