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FBR Chairman Seeks Improvement In Revenue Collection To Meet Targets

by Lorys Charalambous, Tax-News.com, Cyprus

22 January 2009

The Chairman of Pakistan's Federal Board of Revenue, Ahmad Waqar, has called for a more concerted effort to be made in the collection of tax revenue in order that budgetary targets are met.

"The FBR officials and staff must apply themselves to the task with professional commitment and dedication", Mr Waqar announced during a keynote address held at the FBR to the third meeting of the director generals of the Large Taxpayers' Units (LTU) and Regional Tax Offices (RTOs) on January 21.

Mr Waqar informed the participants that a series of audits of selected corporate cases would be conducted in collaboration with the Institute of Chartered Accountants of Pakistan.

Waqar asked the director generals of the LTUs/RTOs to vigorously pursue cases involving big tax evaders and non-filers to ensure compliance with tax laws.

Additionally, Mr Irfan Nadeem, of the country's Inland Revenue, presented a review of the six-monthly performance of direct taxes and urged the director generals to overcome a shortfall in their targets.

He also exhorted them to ensure that audits are conducted in a fair and transparent manner without harassment of the taxpayers.

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