{"id":100782,"date":"2024-12-06T15:44:20","date_gmt":"2024-12-06T10:44:20","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=100782"},"modified":"2024-12-06T15:44:24","modified_gmt":"2024-12-06T10:44:24","slug":"pm-sets-dec-31-deadline-for-fbr-digitalisation","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pm-sets-dec-31-deadline-for-fbr-digitalisation.html","title":{"rendered":"PM Sharif sets deadline for FBR digitalisation"},"content":{"rendered":"\n<p>Islamabad: Prime Minister Shehbaz Sharif has set a December 31 deadline for the digitalisation of the Federal Board of Revenue (FBR), marking a significant step toward modernising Pakistan\u2019s tax system. The decision was made during a meeting on tax reforms, where the premier urged authorities to take decisive measures to enhance tax collection and prevent evasion.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/tax-relief-for-overseas-pakistanis-by-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR eases tax burden on property transactions for expatriates<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The prime minister emphasized the importance of leveraging available data to devise an effective strategy for tax reforms. He also directed the implementation of advanced technologies to streamline processes and improve transparency.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>During the meeting, officials informed PM Shehbaz that video analytics systems have already been installed in the sugar industry to monitor production in real-time. This technology aims to curb tax evasion by providing accurate production data to authorities.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-targets-tax-evaders-new-startegy.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR\u2019s new strategy rolled out to tackle \u2018high-net-worth tax evaders\u2019<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>In addition, a digital invoicing system for businesses is in the final stages of development. A mobile app tailored for small businesses to facilitate digital invoicing is expected to launch by the end of this month.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The meeting also included a briefing on the restructuring of Pakistan Revenue Automation Pvt Limited (PRAL), a subsidiary of the FBR established to introduce modern technologies for efficient tax management. A new board for PRAL has been constituted to oversee this transition and ensure the smooth integration of digital solutions into the FBR\u2019s operations.<\/p>\n\n\n\n<p><br><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-epayment-2-0-on-iris.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR launches ePayment 2.0 on IRIS for simplified tax compliance<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The prime minister\u2019s push for digitalisation reflects the government\u2019s commitment to tackling tax evasion, enhancing revenue generation, and fostering economic stability through technological advancements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister Shehbaz Sharif has set a December 31 deadline for the digitalisation of the Federal Board of Revenue (FBR), marking a significant step toward modernising Pakistan\u2019s tax system. The decision was made during a meeting on tax reforms, where the premier urged authorities to take decisive measures to enhance tax collection and prevent evasion. Read: FBR eases tax burden on property transactions for expatriates The prime minister emphasized the importance of leveraging available data to devise an effective strategy for tax reforms. He also directed the implementation of advanced technologies to streamline processes and improve transparency. During the meeting, officials informed PM Shehbaz that video analytics systems have already been installed in the sugar industry to monitor production in real-time. This technology aims to curb tax evasion by providing accurate production data to authorities. Read: FBR\u2019s new strategy rolled out to tackle \u2018high-net-worth tax evaders\u2019 In addition, a digital invoicing system for businesses is in the final stages of development. A mobile app tailored for small businesses to facilitate digital invoicing is expected to launch by the end of this month. The meeting also included a briefing on the restructuring of Pakistan Revenue Automation Pvt Limited (PRAL), a&hellip;<\/p>\n","protected":false},"author":18,"featured_media":88795,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[61122,61120,46247,61119,3193,60211,61125,61127,34475,61121,61129,60569,61118,61126,6385,61128,1109,61124,61123],"persona":[],"class_list":{"0":"post-100782","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-december-31-deadline","9":"tag-digital-invoicing","10":"tag-economic-stability","11":"tag-fbr-digitalisation","12":"tag-federal-board-of-revenue","13":"tag-government-initiatives","14":"tag-mobile-app-for-businesses","15":"tag-modern-tax-system","16":"tag-pakistan-economy","17":"tag-pakistan-revenue","18":"tag-pral","19":"tag-revenue-generation","20":"tag-shehbaz-sharif","21":"tag-sugar-industry-monitoring","22":"tag-tax-collection","23":"tag-tax-evasion-prevention","24":"tag-tax-reforms","25":"tag-technology-in-tax-management","26":"tag-video-analytics","27":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM sets deadline for FBR digitalisation - Zameen News<\/title>\n<meta name=\"description\" content=\"The meeting also included a briefing on the restructuring of Pakistan Revenue Automation Pvt Limited (PRAL), a subsidiary of the...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pm-sets-dec-31-deadline-for-fbr-digitalisation.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM sets deadline for FBR digitalisation - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The meeting also included a briefing on the restructuring of Pakistan Revenue Automation Pvt Limited (PRAL), a subsidiary of the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pm-sets-dec-31-deadline-for-fbr-digitalisation.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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