The restructuring and digitization of the Federal Board of Revenue have been approved by the Federal Cabinet.
According to the media reports, the approval of the restructuring and digitization of the Federal Board of Revenue was granted on the recommendation of the Revenue Division during the meeting of the Federal Cabinet that met in Islamabad with Caretaker Prime Minister Anwaar-ul-Haq Kakar in the chair today (Tuesday, January 30).
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The Revenue Division will establish a Federal Tax Policy Board by the agreed reforms. The Board will oversee the establishment of national tax policy, the setting of revenue goals, and stakeholder relations. The Federal Tax Policy Board will be chaired by the Federal Finance Minister, with members including the heads of the respective agencies, the Federal Secretaries of Finance, Revenue, and Trade, and NADRA.
Directors General of the appropriate cadres will oversee the departments of Customs and Inland Revenue, which will be kept apart. Regarding institutional, financial, and operational issues about their respective departments, each of the DGs will have complete authority. They will guarantee the execution of globally agreed-upon protocols about digitalization, complaint handling, and openness. The Customs and Inland Revenue monitoring boards will be independent entities.
