ISLAMABAD: The Federal Board of Revenue (FBR) is conducting computer ballot today (Thursday) for selection of audit cases in respect of six categories, including corporate cases of Income Tax, Sales Tax & FED and Non-corporate case of income tax, sales tax and FED.
Finance Minister Ishaq Dar would preside over the ceremony, while Special Assistant to Prime Minister on Revenue Haroon Akhtar will also be present there. The representatives of chambers, tax bars and accounting bodies and FBR officers will also participate in the ballots process, which would be held at the FBR House.
The Audit Policy 2016 has proposed a paradigm shift from the past. Its focus has been realigned from random to parametric selection and from general to risk-based approach. This approach will minimise chances or selection of compliant tax payers resulting in increased confidence in the system.
