Meeting of Tax Reform Co-ordination Group held
Islamabad: A meeting of sub-group of the Tax Reform Co-ordination Group (TRCG) was held on 12thAugust 2011 to discuss strategy for revenue collection for FY 2011-12 under the chairmanship of Dr. Abdul Hafeez Shaikh Finance Minister. The meeting was attended by the Deputy Chairman Planning Commission, Chairman FBR, Secretary Finance, Chairman NADRA, Chairman SECP and officials of the Finance Ministry and FBR. Amongst members of TRCG, Mr. Abdullah Yousuf, Syed Shabbar Zaidi, Mr. Arshad A. Zuberi, Muhammad Arshad Chaudhary, Mr. Irfan Nadeem, Mr. Ali Jameel, Mr. Bashir Ali Mohammad attended the meeting.
FBR presented a strategic plan for revenue collection in FY11-12. Chairman FBR presented the collection details of FY 10-11 and the provisional revenue figures of Rs. 105bn for the month of July 2011, which shows a healthy growth of 36% compared to last year’s collection same month. Finance Minister constituted five working groups namely: Revenue Performance Group; Special initiatives group; Institutional Improvements Group; Outreach Group and Tax Policy Group.
The Revenue Performance Group will focus on developing and refining the tax estimates for FY 11-12 by disaggregating the data into sectors, by regions and months. Specific estimates will be set for each field office. The Group will develop a system for enforcement and review of these estimates. The Special Initiatives Group will focus on developing action plans for expanding the income tax base, sales tax incentive scheme and other special initiatives to be taken by FBR. The issue of Customs valuations and Afghan Transit Trade will also be discussed in this group. Institutional Improvements Group will focus on technology issues, human resource issues, monitor refunds and improving the transparency in FBR.
The Outreach Group will interact with the taxpayers, media, organizations such as NADRA and Planning Commission for any research help, interact with the National Assembly and provincial assembly and provincial governments to project the work being done by FBR and get input of different stakeholders. The Tax Policy Group will develop policies for the longer term.
The first meeting of revenue performance group will be held on Wednesday, 17th August 2011 in an effort to develop estimates within a week’s time. All the other groups will meet before Eid. A daylong meeting will be held after Eid in which these Groups will present their reports to the Finance Minister.
For more information, contact:
Haji Ahmed Malik
Principal Information Officer
Press Information Department (PID)
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