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Home Breaking News

Tariq Bajwa informs PAC about FBR’s initiatives for tax collection

byShahid Minhas
09/10/2015
in Breaking News, Islamabad, Latest News, Slider News
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ISLAMABAD: Federal Board of Revenue (FBR) Chairman Tariq Bajwa said FBR has 700 legal advisers (advocates) while the success rate of court case stands at 10 percent. However, the number of legal advisers is decreased from 1900 to 700.
According to sources, the FBR chairman informed Public Accounts Committee (PAC) that during the last three years, FBR succeeded in 22 percent cases in courts. And it was 15 percent in 2005 while success rate in court cases was 10 percent in 2009.
Sources added that Tariq Bajwa told the PAC that only 0.5 percent of Pakistanis paid taxes. Sources said that PAC Chairman Khurshid Shah directed FBR to decrease number of legal advisers to 200 and hire those advisers having 10 years of experience in the high courts.
Tariq Bajwa informed the PAC that the board has prepared the law draft about the unnamed accounts and efforts are underway to bring Rs 200 billion from Switzerland to Pakistan. While the board is trying to sign agreement with Global Transparency, which will be helpful to access the foreign accounts of Pakistanis from July 2017. Chairman FBR also told the PAC that at least 65,000 more people are inducted in the tax net.
The PAC directed Chairman FBR to submit the workers welfare fund and other taxes data should be provided to the audit officials within 15 days.

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