Home »Taxation » Pakistan » FBR may initiate IT-based tax audit, says expert
A leading Karachi-based tax lawyer has informed taxpayers that the Federal Board of Revenue (FBR) may start IT-based tax audit of taxpayers, which would be done without or little interaction between taxpayers and taxation officers. According to the Karachi-based tax expert's communication to taxpayers on Saturday, the FBR is constantly working on improvement of its information technology system and increasing its use to enhance revenue by plugging loopholes.

To move forward in this direction, a pre-bid meeting under Tax Accelerating Growth and Reform (TAGR) project of World Bank for strengthening FBR'S capacity in information technology and fiscal research & tax policy was held this week at FBR Auditorium, Islamabad. Chief Procurement TAGR headed the session. There may be a different method of audit in near future (without or little interaction between taxpayers and taxation officers) and an IT-based tax audit is likely to be implemented in a short span of time, he said. He said that same kind of IT-based audit methodology is being used in India. In this way there will be more compliance with the laws, little harassment and minor corruption as time passes, the tax lawyer added.

Copyright Business Recorder, 2019


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