World Bank VP lauds FBR’s digital tax initiatives

May 09, 2024 (MLN): Martin Raiser, Vice President of the World Bank has appreciated Federal Board of Revenue’s (FBR) policy for digitalized tax administration and emphasized that these initiatives will bear even greater fruits if coupled with elimination of exemptions overtime through a combination of social assistance and introduction of sales tax based on consumption.

According to a press release issued on Wednesday, these remarks were made during a visit of Vice President World Bank to the FBR’s headquarters.

Martin Raiser met Amjed Zubair Tiwana, Chairman FBR/ Secretary Revenue Division.

A detailed presentation on the FBR and its reforms agenda was made with special focus on initiatives under Pakistan Raises Revenue Project for Harmonization of Sales Tax, Track & Trace System, and improving ICT capacities of FBR.

Vice President World Bank was appreciative of the FBR’s policy for digitalized tax administration.

The Chairman FBR added that FBR is working closely with all the stakeholders on the digitalization initiative and making tax administration more broad-based.

He added that digitalization is not only important for revenue but for enabling FBR to make informed decisions for sustainable increase in the revenues.

Martin Riser echoed the sentiments of Chairman FBR and indicated that World Bank sees the current digitalization drive as an opportunity to strengthen its cooperation with the FBR.

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