The chief commissioners of large taxpayer units (LTUs) and regional tax offices (RTOs) and corporate RTOs (CRTOs) would submit comprehensive plan with the Federal Board of Revenue (FBR) to achieve monthly and quarterly revenue collection targets for 2017-18. Sources told Business Recorder here on Tuesday that the FBR had decided to convene two days chief commissioners' conference on August 4-5 at FBR (Headquarters), Islamabad. The FBR has assigned targets to the field formations for which a viable plan would be finalised in the upcoming chief commissioners' conference.

So far, the FBR has shown remarkable performance during the first month of current fiscal year. Tax authorities are chalking out a comprehensive strategy to meet revenue collection target of Rs 4,013 billion for 2017-18. According to the FBR, the first chief commissioners' conference for 2017-18 is scheduled to be held at the FBR (HQs), Islamabad on August 4th & 5th (Friday & Saturday) at 10:00am to review the performance of LTUs/CRTOs/RTOs in respect of FY 2016-17. For FY 2017-18 chief commissioners are expected to come up with a detailed strategy/ work plan for achieving targets in the remaining 11 months. The work plan should include activities for revenue estimates. All the chief commissioners' IR are therefore, requested to make it convenient to attend the conference as per schedule given by the board. The FBR has further directed the field formations to make comprehensive presentations to the board in this regard, sources added.

Copyright Business Recorder, 2017