{"id":57245,"date":"2019-11-05T17:19:33","date_gmt":"2019-11-05T12:19:33","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=57245"},"modified":"2019-11-05T17:19:42","modified_gmt":"2019-11-05T12:19:42","slug":"key-changes-proposed-fbr-framework-facilitate-gst-collection","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/key-changes-proposed-fbr-framework-facilitate-gst-collection.html","title":{"rendered":"Key changes proposed in FBR framework to facilitate GST collection"},"content":{"rendered":"<p>Islamabad: The federal government has announced its decision to restructure the country&#8217;s tax machinery in a bid to introduce a centralised system for general sales tax (GST) collection on services and goods, a news source reported. Further, the proposed initiative includes the conversion of the Federal Board of Revenue (FBR) into the &#8216;Pakistan Revenue Authority (PRA)&#8217; \u2013 with the latter expected to become operational by June 2020.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/fbr-extends-tax-filing-deadline-to-nov-30.html\" target=\"_blank\" rel=\"noopener noreferrer\">FBR extends deadline to file income tax returns<\/a><\/p>\n<p>As per details, the officials concerned have suggestion the creation of a joint committee to monitor the centralised collection of GST. Members of the FBR, the Ministry of Finance and the provincial revenue boards are expected to be included in the body. A centralised system has been favoured under the proposal since cross-provincial jurisdictional problems hinder reaching the full potential of tax collection.<\/p>\n<p>The Ministry of Finance is expected to prepare a framework for the PRA as part of the \u2018Pakistan Raise Revenue Project\u2019. The executive recently commenced with this programme in collaboration with the World Bank (WB).<\/p>\n<p>According to reports, the FBR chairman will lead the new tax body along with two deputy chairmen, the heads of Inland Revenue Service (IRS) and customs.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/govt-imf-agree-slash-fbrs-tax-collection-target.html\" target=\"_blank\" rel=\"noopener noreferrer\">Govt, IMF agree to slash FBR&#8217;s tax collection target<\/a><\/p>\n<p>The PRA is proposed to have secretary for the Revenue Division with four additional secretaries to cater to policy matters. Furthermore, the authority will have 14 members, with two of them specifically for transit trade and legal matters.<\/p>\n<p>Restructuring of Regional Tax Offices (RTOs) is also part of the proposal, along with customs collectorates, district tax facilitation measures and large tax payers units (LTUs). Appointment of a chief information officer to <a href=\"https:\/\/www.zameen.com\/news\/digital-tax-collection-system-in-the-works.html\" target=\"_blank\" rel=\"noopener noreferrer\">automate income tax architecture<\/a> on the lines of customs WeBOC-Glo to minimise human interface in tax administration and collection is also in the works. A chief executive might be appointed for the PRA in order to oversee the automation process.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has announced its decision to restructure the country&#8217;s tax machinery in a bid to introduce a centralised system for general sales tax (GST) collection on services and goods, a news source reported. Further, the proposed initiative includes the conversion of the Federal Board of Revenue (FBR) into the &#8216;Pakistan Revenue Authority (PRA)&#8217; \u2013 with the latter expected to become operational by June 2020. Read:\u00a0FBR extends deadline to file income tax returns As per details, the officials concerned have suggestion the creation of a joint committee to monitor the centralised collection of GST. Members of the FBR, the Ministry of Finance and the provincial revenue boards are expected to be included in the body. A centralised system has been favoured under the proposal since cross-provincial jurisdictional problems hinder reaching the full potential of tax collection. The Ministry of Finance is expected to prepare a framework for the PRA as part of the \u2018Pakistan Raise Revenue Project\u2019. The executive recently commenced with this programme in collaboration with the World Bank (WB). According to reports, the FBR chairman will lead the new tax body along with two deputy chairmen, the heads of Inland Revenue Service (IRS) and customs. Read:\u00a0Govt,&hellip;<\/p>\n","protected":false},"author":74,"featured_media":25713,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[13804],"persona":[],"class_list":{"0":"post-57245","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-key-changes-proposed-in-fbr-framework-to-facilitate-gst-collection"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Key changes proposed in FBR framework to facilitate GST collection - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has announced its decision to restructure the country&#039;s tax machinery in a bid to introduce a centralised system for\" \/>\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\/key-changes-proposed-fbr-framework-facilitate-gst-collection.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Key changes proposed in FBR framework to facilitate GST collection - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has announced its decision to restructure the country&#039;s tax machinery in a bid to introduce a centralised system for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/key-changes-proposed-fbr-framework-facilitate-gst-collection.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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