The Federal Board of Revenue (FBR) has launched a digital directory across the country for the withholding agents.
A practical demonstration of the directory was also arranged in the FBR’s House for Chairman FBR Muhammad Irshad, Member IR Operation and team. The chairman appreciated the real time availability of withholding data and hoped that the use of digital directory would enable the tax collectors to take real-time decisions which will subsequently improve the tax collection.
The directory would serve as a management information system (MIS) to monitor real-time tax collection received under various sections of withholding tax. The system has the capability to analyse current withholding data with historical withholding collections. It enables FBR to broaden the withholding tax regime by enforcing the withholding agents to be compliant with the tax laws. FBR can benefit from this system by increasing the revenue collections from withholding tax regime and reducing the tax evasion pertaining to non-compliant withholding agents.
The salient features of the directory include Withholding Tax Collection Report (RTOs/LTUs); Withholding Tax Collection Report (Range/Units); Sectorial Withholding Tax Collection Report; Section wise Withholding Tax Collection Report; Withholding Agent’s Monthly Tax Collection Report; Withholdee’s Monthly Tax Collection; Graphical Dashboards; Comparison of Withholding Tax Collection with preceding year’s Withholding Tax Collection; and sending reminders to field officers for enforcement.
