FBR chairman announces to initiate panel audit of sugar industry

• FBR to initiate panel audit of sugar industry to improve Tax Compliance and Ensure Transparency in reporting mechanism, said Shabbar Zaidi.
• Timelines with reference to the ‘re-organization' of FBR as given in October 3, 2019 letter of the reforms approved by PM shall be put on hold.

The Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi announced on Thursday to initiate a panel audit of the sugar industry.

“FBR has decided to initiate a panel audit of the Sugar industry in order to improve Tax Compliance and Ensure Transparency in reporting mechanism,” the FBR chief said in a tweet.

The chairman further said, “ FBR believes in improving compliance through education, facilitation, transparent and fair application of Law”.

FBR has decided to initiate a panel audit of the Sugar industry in order to improve Tax Compliance and Ensure Transparency in reporting mechanism.

FBR believes in improving compliance through education, facilitation, transparent and fair application of Law.

— Syed Shabbar Zaidi (@ShabarZaidi) 14 November 2019

Zaidi further said that the timelines with reference to ‘reorganisation’ as given in October 3, 2019 letter shall be put on hold. “Meanwhile we at FBR shall strive to collect optimum revenue,” he added.

Furthermore on the same subject the timelines with reference to ‘reorganisation’ as given in October 3,2019 letter shall be put on hold. Meanwhile we at FBR shall strive to collect optimum revenue.

— Syed Shabbar Zaidi (@ShabarZaidi) 13 November 2019

The PM's letter of October 3 contains following major reforms in FBR and timelines: Establishment of Pakistan Revenue Authority (timeline June 30, 2020); Re-organization and re-articulation of FBR Headquarters (Nov 30, 2019); administrative and functional restructuring of LTUs/RTOs (December 31, 2019); collection of sales tax on services by the FBR (October 30, 2019); enhancement of collection charges of FBR for infrastructure development, automation and HRD (timeline June 30, 2020); nationwide tax assessment and documentation drive (timeline Nov 30), nation-wise survey of immovable properties (October 31), proposal for development of Alternate Border Economy (timeline October 31, 2019) and process for automation of the FBR (timeline November 30, 2019).