ISLAMABAD: The Federal Board of Revenue (FBR) has launched a
digital directory across the country for the
withholding agents.
According to official an**uncement made here on Tuesday stating that the directory would serve as a management information system (MIS) to monitor real-time tax collection received under various sections of
withholding tax.
The system has the capability to analyse current
withholding data with historical
withholding collections. It enables the FBR to broaden the
withholding tax regime by enforcing the
withholding agents to compliance with the tax laws. The FBR can benefit from this system by increasing revenue collections from
withholding tax regime, and reducing the tax evasion pertaining to **n-compliant
withholding agents.
The salient features of the directory include
withholding Tax Collection Report (RTOs/LTUs);
withholding Tax Collection Report (Range/Units); Sectoral
withholding Tax Collection Report; Section wise
withholding Tax Collection Report;
withholding Agent’s Monthly Tax Collection Report; Withholders Monthly Tax Collection; Graphical Dashboards; Comparison of
withholding Tax Collection with Preceding Year’s
withholding Tax Collection; and Sending Reminders to field ******rs for enforcement.
A practical demonstration of the directory was also arranged at the FBR House for Chairman FBR Dr. Muhammad Irshad, Member IR Operation and team. The chairman FBR appreciated the real time availability of
withholding data and hoped the use of
digital Directory would enable the tax collectors to take real time decisions which will subsequently improve the tax collection.
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