FBR Signs Data Sharing Agreements with Sindh and Balochistan to Improve Tax Collection

The Federal Board of Revenue (FBR) has signed data sharing agreements with the Boards of Revenue of Sindh and Balochistan. The agreements were signed on April 19, 2023 and April 28, 2023, respectively.

Under the agreements, the FBR and the two provincial boards will share specified digital data, including data about land/property ownership and agricultural income. This data will be used to improve tax collection and compliance in Pakistan.

The agreements are a significant step forward in the government's efforts to modernize the tax system and make it more efficient and transparent. The sharing of data will allow the FBR to better target its enforcement efforts and identify potential tax evaders. It will also help the FBR to improve its understanding of the economy and make better policy decisions.

The agreements are also a win for the provinces. By sharing data with the FBR, the provinces will be able to improve their own tax collection efforts. This will generate additional revenue for the provinces, which can be used to fund important public services.

The signing of these agreements is a positive development for Pakistan's tax system. It is a sign that the government is committed to modernizing the system and making it more efficient and transparent. The sharing of data will help the FBR to better collect taxes and improve compliance, which will benefit the entire country.

Here are some additional details about the agreements:

The agreements will allow the FBR and the provincial boards to share data on a real-time basis. This will allow the FBR to more quickly identify and target potential tax evaders.

The agreements will also allow the FBR and the provincial boards to collaborate on tax collection and enforcement efforts. This will allow them to pool their resources and expertise to achieve better results.

The agreements are a significant step forward in the government's efforts to modernize the tax system and make it more efficient and transparent. They are a sign that the government is committed to improving the tax system and generating more revenue for the country.