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IMF seeks details regarding reduction of corruption in tax administration

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Islamabad, The International Monetary Fund (IMF) has sought measure details regarding reduction of corruption in tax administration and risk based audit of tax defaulters from Pakistan.
According to the available documents the preparation of dialogue process under article-4 between Pakistan and IMF has been entered into final stage, as dialogue likely to be stated in the last week of running month.
It revealed that Finance Ministry had wrote a letter to Federal Board of Revenue (FBR) to prepare risk based audit of giant tax defaulters report and sent it to ministry.
It would describe in the audit report that how much tax recovery has been conducted through this audit and disclose the top defaulters from these risk based audit conducted.
It will also mention in report that how many people were included in tax network and how much revenue gets from these.
The report would also explain about the actions conducted against tax thefts in the country which include tax thefts of income tax, sale tax, federal excise duty and customs. The IMF would also provide details of collection of tax categories and collection of revenue.
When contacted to the spokesperson of FBR Dr. Iqbal he told that recently as many as 93000 people were selected for audit through draws. He further stated that FBR was conducting regular actions against persons involved in tax theft and positive development happing in this regard.


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