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ISLAMABAD: The Federal Board of Revenue (FBR) has established first of its kind "Tax Information Processing Unit" for transforming existing raw data, available in multiple databases of the FBR, into meaningful insights to tap revenue potential and

check leakages in the taxation system.

The FBR has issued a notification here on Monday.

According to the initiative taken by Dr Muhammad Ashfaq Ahmed, FBR Member (Inland Revenue-Operations), the FBR is embarking upon an ambitious plan for enhancing revenues, through efficient utilization power of IT for overall system improvements.

There is an emerging need for transforming existing raw data, available in multiple databases of the FBR, into meaningful insights, through which actionable steps may be suggested to field formation with regard to untapped revenue potential and potential leakages.

To realise the true potential of the IT systems, developed over years, it is imperative to engage a cross-functional team of professionals, available in the FBR, who may perform following tasks, before generating meaningful insights from the datasets available in its IT-systems: data-mining, statistical analysis, data-analytics and MIS-reporting, the FBR said.

The insights gained through data-analysis may potentially generate actionable data, which the FBR Inland Revenue Operations (IR-OPS) Wings may convey to field offices, so that untapped revenue potential may be realised and potential leakages may be checked, the FBR said.

In view of foregoing a cross-functional "Tax Information Processing Unit" is hereby established in the IR-OPS Wing, the FBR manned by the FBR's regular workforce and temporary hiring of IT-experts, on need basis.

The following officers are designated as domain team of the Tax Information Processing Unit (TIPU), under the supervision of Member (IR-Operations): Tariq Hussain Shaikh, Chief (lR-R&l), Coordinator; Rezwana Siddiqui Chief (lR-Analysis); Zulfiqar Ali Gopang (S.S IT); Naveed Afgan (Dy.Dir/Secy MIS); Syed Asif Jamil (AD/SS-MIS) and. lmran Ullah (AD-Audit).

The aforesaid domain team shall be assisted by IT experts to be hired on market-based salaries, to design and develop IT modules, for data analytics.

Copyright Business Recorder, 2020

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