AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

Following the strong resistance showed by Inland Revenue Service (IRS) officers, the Federal Board of Revenue (FBR) has constituted consultative committees to address their concerns regarding "Restructuring of FBR".

According to the circular, the chairman FBR in order to address the concerns of its officers and make restructuring of FBR more inclusive constituted consultative committees and directed the chief commissioners to frame their recommendations by co-opting officers from BS-20, 19, 18 & 17 and officials of BS-16 and below.

The term of references (TORs) for consultative committees, approved by the chairman FBR, are as follow:

- Future status of tax authority.

- Under federal government as an attached department (as presently).

- Under federal government as a semi-autonomous body.

- Completely autonomous.

- HR issues such as recruitment, Retention, capacity, remuneration, etc.

- Financial Autonomy - Its extent and nature.

- Organizational structure qualifications/growth/career path).

- Work processes.

Furthermore, it stated that the chairman FBR desired that the heads of these committees should ensure engaging officials falling in BS-16 and below and other cadres falling under their jurisdictions to obtain their input and incorporate in the recommendations to be drafted by these committees, which would be submitted before November 18, 2019.

Meanwhile, representatives of IRS officers association lauded the efforts of FBR, requesting to initiate deliberation in a consultative manner and ensure implementation of recommendations, which would be mutually finalized by the committees and IRS officers.

Moreover, they said that IRS officers were in support of a meaningful and transparent reforms aimed at creating a viable automated and effective revenue organization and added that this proposed reforms must grant financial autonomy, which would initially be sanctioned to 2 percent of total revenue collection and would gradually be increased to 3.5 percent.

They said that collection of IR wing up to October 2019 was Rs 1078 billion and the budgetary grant of IRS for FY 2019-20 was Rs 14 billion, of which Rs 4.7 billion had so far been released up to October 2019 and added that it was presently 0.43 percent of expense spent on revenue collection.

Copyright Business Recorder, 2019

Comments

Comments are closed.