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Asad Umar directs FBR to use all legal resources to achieve revenue collection target

Asad Umar directs FBR to use all legal resources to achieve revenue collection target

ISLAMABAD: Finance Minister Asad Umar has directed Federal Board of Revenue (FBR) to leave no stone unturned and use all legal resources for achieving the revenue target set for the current fiscal year 2018-19.

“I want to see the FBR as one of the top institutions of Pakistan in 2023”, the federal minister said during his visit to FBR headquarters.

Official sources told Customs Today that Finance Minister Asad Umar spent a busy day with high management of FBR and conducted special consultative meetings to get suggestions and recommendations from the high-ups of FBR for institutional reforms, sources added.

Sources further added that Asad Umar also showed dissatisfaction over not achieving the first quarter revenue target and asked FBR Chairman Jahanzaib Khan regarding the root causes of failing to achieve the target.

The finance minister also said that the government will take the FBR management in confidence regarding institutional reforms.

The FBR chairman informed the minister that he has started civil proceedings by serving tax notices to tax dodgers under Section 114 (4) and 116 of the Income Tax Ordinance. While Commissioner Broadening of Tax Base (CBTB) is having powers to only send notices and the concerned Regional Tax Offices (RTOs) have been ordered to follow up the notices according to their authorities.