FBR signs agreement with Karandaaz Pakistan for Digitalization of Tax System

BusinessFBR signs agreement with Karandaaz Pakistan for Digitalization of Tax System

ISLAMABAD, Pakistan: In line with the vision of the Prime Minister of Pakistan to transform Federal Board of Revenue (FBR) into a Digital Tax Administration, FBR has entered into an agreement with Karandaaz Pakistan for the Digitalization of Tax System.

The FBR has put considerable focus towards automation of its processes and digitalizing of the economy. These initiatives reduce the cost of compliance of taxpayers, document the economy, expand the tax base and lead FBR on a sustainablepath to revenue growth.

   

The FBR will be collaborating with Karandaaz for developing a comprehensive digital strategy for realizing the digital transformation of FBR, its digitalization initiatives and their implementation.FBR signs agreement with Karandaaz Pakistan for Digitalization of Tax System

Under this agreement, Karandaaz Pakistan, an impact investment platform that drives sustainable economic growth and strengthens financial and social protection systems for inclusion will assist the FBR in assessment of the business needs, existing IT infrastructure and systems, and business processes to establish the context and scope for digitalizing the tax system of Pakistan using service oriented and tax payer centric use cases.

At the signing ceremony, the Chairman FBR Malik Amjed Zubair Tiwana said that the FBR has put considerable focus towards automation of its processes and digitalizing the economy including the supply chain digitalization. Multiple endeavours have been undertaken to address the challenge of the undocumented economy and expanding the tax base.

The FBR will now be collaborating with Karandaaz for realizing the digital transformation of FBR, its digitalization initiatives and their implementation.

The Minister for Finance and Revenue Muhammad Aurangzeb who chaired a meeting with the FBR and Karandaaz earlier in the day on the subject emphasized the importance of facilitation of business and people-centric approach in the design of these digital solutions.

Muhammad Aurangzeb stated that “The initiative holds a lot of potential which can only be realized through the use of best human capital leading the assessment and design. Experienced international consultants that have implemented tax digitalization solutions in similar contexts should be engaged for this activity.”

The CEO Karandaaz Pakistan Waqas Ul Hasan said that “The initiative is in line with Karandaaz Pakistan’s sponsor Bill and Melinda Gates Foundation’s Digital Public Infrastructure workstream and will help in building a robust ecosystem for Pakistan Digital Stack. The transformation when complete will put the taxpayer’s natural systems at the centre and the tax administration more resilient and agile. The whole nation will benefit from the dividends of this digital transformation.”

The agreement was signed on March 15, 2024.

On behalf of the FBR, the Member (Reforms and Modernization) Ardsher Salim Tariq and on behalf of Karandaaz Pakistan, the agreement was signed by the Director Digital Services Sharjeel Murtaza.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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