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Pakistan 'Tackling Corruption In Tax Matters'

by Mary Swire,, Hong Kong

07 January 2016

Pakistan is taking concrete measures to increase transparency around taxation, Mohammad Ishaq Dar, the nation's Federal Minister for Finance, has said.

Speaking at a seminar on Transparency in Public Sector, hosted by the Ministry of Information and Broadcasting in Pakistan on December 30, 2015, Dar said that the Government is in the process of developing a "key transparency-cementing mechanism system."

Dar said: "We are simplifying tax laws and procedures and are working with provinces to consolidate collection of provincial taxes and fees to make it easier for taxpayers to meet their obligations and at the same time eliminate opportunities for corruption by limiting the discretion of tax officials."

"We will also expand the Integrated Risk Information System (IRIS) – an end-to-end integrated information technology system – to all business areas throughout the Federal Board of Revenue's (FBR's) network of offices to further reduce discretion in tax administration," Dar told participants.

Dar said that the FBR has published a tax directory of parliamentarians as well as general taxpayers for two consecutive financial years (2013/14) to further promote tax compliance culture in the country. The directories are available online on the website of FBR and can be accessed by the general public, he said.

Last, Dar stressed that the Anti-Money Laundering Act will be amended soon to provide for tools for further combating tax crimes, while adding that the Government is strengthening the integrity management unit by identifying potential processes within the FBR that could strengthen its anti-corruption structures, including in the Directorate General of Internal Audit.

TAGS: money-laundering | Pakistan | compliance | Finance | tax | business | value added tax (VAT) | tax compliance | law | fees | enforcement | tax authority | tax reform | regulation

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