ISLAMABAD: The Federal Board of Revenue is dissatisfied with the performance of Chief Commissioners of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) in the collection of revenue through budgetary measures introduced in Finance Act, 2013.
As per details, the FBR top brass has conveyed its concerns to the Chief Commissioners at a conference held at FBR House.
The board has taken new taxation measures to the tune of Rs200 billion in budget (2013-14). However, the field formations have not yet shown revenue collection up to the mark, as estimated from the budgetary measures for 2013-14. This has been conveyed to the Chief Commissioners in the conference to see the estimated collection from new taxation measures taken in the budget and actual collection by each reformed unit in the field formations.
The FBR is strictly analysing the revenue impact of major taxation related enforcement/administrative measures taken in budget (2013-14). The board has asked the tax officials to manage revenue measures of income tax introduced through Finance Act, 2013. The withholding statements have to be thoroughly scrutinised in the light of provisions introduced through Finance Act, 2013.
Though the Finance Minister patted the tax bosses on the back, he prodded him into improving their performance in last quarter of the ongoing financial year. He sensitised the officers to focus on their collection target envisaged for the remaining two and a half month period as the government was not going to announce any new relief measures.
It is to be noted that the government is committed to raise 0.75 percent FBR’s tax revenues through abolition of tax exemptions and other broadening measures in the upcoming budget. Nearly 0.35 percent of GDP related revenues will be generated only through abolition of different tax exemptions currently being enjoyed by influential segments and powerful lobbies in the country.
The FBR has further directed the Chief Commissioners to focus on cases selected for audit, current tax demand, recovery of taxes and monitoring of withholding agents and initiate recovery in cases where stay from courts has expired six months period.
