{"id":66107,"date":"2020-06-04T10:00:57","date_gmt":"2020-06-04T05:00:57","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=66107"},"modified":"2020-06-04T17:29:47","modified_gmt":"2020-06-04T12:29:47","slug":"tax-information-processing-unit-set-up-at-fbr","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/tax-information-processing-unit-set-up-at-fbr.html","title":{"rendered":"Tax Information Processing Unit set up at FBR"},"content":{"rendered":"\n<p>Karachi: The Federal Board of Revenue (FBR) has established a Tax Information Processing Unit (TIPU) in a bid to facilitate the broadening of the tax net; specifically, by making all the relevant taxpayer information available across multiple databases for effective processing, according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/finance-ministry-releases-pkr-10bn-fbr-tax-refund.html\" target=\"_blank\" rel=\"noreferrer noopener\">Finance Ministry releases PKR 10bn to FBR for tax refund purposes<\/a><\/p>\n\n\n\n<p>The newly established Tax Information Processing Unit will operate under the Member Inland Revenue (Operations). According to the official announcement, the tax authority stated that there was an impending need for transformation of the existing raw data into meaningful insights. There is information available in multiple FBR databases that this unit will use to suggest actionable steps to field formations and to explore untapped collection avenues, and eliminate potential leakages, the notice added.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-mulls-raising-penalties-against-tax-law-violations.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR mulls raising penalties against tax-law violations<\/a><\/p>\n\n\n\n<p>The FBR said that it was imperative to engage a cross-functional team of experts at the board to truly realise the potential of <a href=\"https:\/\/www.zameen.com\/news\/fbr-automated-data-integration-technology-new-taxpayers.html\" target=\"_blank\" rel=\"noreferrer noopener\">Information Technology<\/a> (IT) systems \u2013 developed over the years. The duties of these experts will involve data mining, performing statistical data analysis and offer actionable recommendations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Federal Board of Revenue (FBR) has established a Tax Information Processing Unit (TIPU) in a bid to facilitate the broadening of the tax net; specifically, by making all the relevant taxpayer information available across multiple databases for effective processing, according to news sources. Read: Finance Ministry releases PKR 10bn to FBR for tax refund purposes The newly established Tax Information Processing Unit will operate under the Member Inland Revenue (Operations). According to the official announcement, the tax authority stated that there was an impending need for transformation of the existing raw data into meaningful insights. There is information available in multiple FBR databases that this unit will use to suggest actionable steps to field formations and to explore untapped collection avenues, and eliminate potential leakages, the notice added. Read: FBR mulls raising penalties against tax-law violations The FBR said that it was imperative to engage a cross-functional team of experts at the board to truly realise the potential of Information Technology (IT) systems \u2013 developed over the years. The duties of these experts will involve data mining, performing statistical data analysis and offer actionable recommendations.<\/p>\n","protected":false},"author":75,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[19230,30795,30794],"persona":[],"class_list":{"0":"post-66107","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-federal-board-of-revenue-fbr","9":"tag-member-inland-revenue-operations","10":"tag-tax-information-processing-unit-set-up-at-fbr","11":"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>Tax Information Processing Unit set up at FBR - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Federal Board of Revenue (FBR) has established a Tax Information Processing Unit (TIPU) in a bid to facilitate the broadening of the tax net;\" \/>\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\/tax-information-processing-unit-set-up-at-fbr.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tax Information Processing Unit set up at FBR - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The Federal Board of Revenue (FBR) has established a Tax Information Processing Unit (TIPU) in a bid to facilitate the broadening of the tax net;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/tax-information-processing-unit-set-up-at-fbr.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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