202112 Jan
Collection targets assigned to RTOs withdrawn
Type
General News
Source
Brecorder
Summary

ISLAMABAD: Taking a major reform initiative, the Federal Board of Revenue (FBR) has withdrawn revenue collection targets assigned to the Regional Tax Offices (RTOs) to fully focus on taxpayers facilitation, speedy payment of refunds, discovering new taxpayers, appeals, broadening the tax base and assisting taxpayers in accurate filing of returns and payment of taxes. Sources told Business Recorder here on Monday that the Large Taxpayer Units (LTUs) and Corporate Taxpayer Units in the field formations would continue to pursue the monthly and quarterly revenue collection targets assigned for 2020-21. The withdrawal of the revenue collection targets for the regional tax offices would enable the field officers to fully focus on expanding the tax net and taxpayer facilitation at the regional level, sources maintained. This major reform initiative has been taken to ensure prompt payment of refunds to the taxpayer without any delay. The RTOs would also focus on appeals, alternative dispute resolution mechanism and other systems to reduce litigation between the taxpayers and the tax departments, they added.

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