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Secretary General, Revenue Division & Chairman, Federal Board of Revenue, Mr. M. Abdullah Yusuf has called upon the tax managers to gear up their efforts to maximise revenue generation.
He was addressing the Directors General of Regional Tax Offices & Large Taxpayers Units, Commissioners of Income Tax & Commissioners (Appeals) at 17th National Tax Conference, held here today under the auspices of FBR.
Mr. Abdullah Yusuf identified various grey areas from which the full revenue potential is yet to be tapped. He also underlined the need of plugging the revenue leakages to improve direct taxes collection.
Earlier, Member (Direct Taxes), Mr. Usman Khalid Mirza, in his presentation, briefed the Conference about the overall performance of the Wing and its field formations. Collection upto March 08 was Rs. 257.6 billion as against Rs. 237.8 billion in the corresponding period of last year.
While discussing the performance, the Member (DT) pointed out the gaps in various areas. He stressed upon bridging these gaps. He exhorted the tax officers to pay attention on monitoring of withholding taxes, Creation and Collection out of Demand and other avenues to enhance revenue collection.
The Conference, during its deliberations, discussed and took decisions on strategy for achieving the revenue targets, disposal of pending refunds claims, recovery of arrears and the issue of tax exemptions. Conference also reviewed the progress in data entry of returns and annual employer’s statements and deliberated on achievements of targets in remaining period of the current financial year.