The Federal Board of Revenue (FBR) has refuted claims broadcasted by some electronic media outlets that the International Monetary Fund (IMF) rejected its request to revise tax targets.
The FBR stated, “It’s regrettable that such a baseless and false story was aired, suggesting the IMF has dismissed our request to revise targets.”
Furthermore, the FBR clarified that no meeting discussing this matter has occurred with the IMF, neither virtually nor in person. The FBR firmly dismissed these reports and urged national media to avoid spreading misinformation that could harm national interests.
In a separate development, the FBR announced the launch of an advanced Stock Register system through its Information Center 2.0 platform. This initiative aims to provide tax officers with real-time, comprehensive access to data on registered individuals, enhancing transparency and ensuring compliance with Income Tax (IT) and Sales Tax (ST) regulations.
This system, introduced under the directive of the FBR Chairman, is part of the board’s broader digitalization strategy to improve tax administration and increase revenue collection. It is an advanced management information and reporting tool that enables tax officers to access detailed stock data to conduct accurate tax assessments and reduce the risk of tax evasion.
