ISLAMABAD: With the objectives to enhance the working capacity of senior officials along with sensitization about best international practices in the field of tax collection, the Federal Board of Revenue (FBR) has moved seven officers of grade 19 to senior management course. The course will teach officers how to become successful tax professionals, specialists in preparing individual and small business tax returns.
The course will span over 16 weeks and will conclude on June 4 this year. The FBR has declared the success in the senior management course as a must for the promotion of officers from 19 to 20 along with increasing the ratio of participation in the evaluation of officers from 15% to 30%.
Sources at the FBR told Customs Today that nominated officers belonged two departments; three officers from customs while four officers from Inland Revenue Services Wing (IRS).
During 16 weeks of training course, the participants will be sensitized best international practices and modern trends about basic concepts, scope of taxations, different rates of tax including its assessment, filing of returns, concept & methodology of withholding tax, advance tax & deduction at source, taxation & computation of different heads of income, wealth statement filing & its reconciliation, benefits & deductions, procedure for applying refund, exemptions & its procedure, collection & recovery of tax, foreign tax & its credit, minimum tax, administration & powers of different tax authorities and several others.
The sources said that training course would definitely enhance the capacity of the said officers in meeting the revenue collection targets as well as update them about the everyday issues and problems confronted by the common people in dealing with tax authorities. The cadre and ex-cadre type officers will be sensitized about modern tax trends by both the visiting and permanent faculty members and experts.
“The revenue gains accrue from a small number of sectors becoming taxed at their true value, which is substantially more than they had been taxed at previously. The majority of sectors in incentivized areas in fact pay no more taxes, but instead report higher bribes,” the sources explained.
Therefore, the sources said that results were consistent with a collusive setting in which performance pay increases collectors’ bargaining power over taxpayers, who either have to pay higher bribes to avoid being reassessed, or pay substantially higher taxes if collusion breaks down.
