The Pakistan government has fulfilled another International Monetary Fund (IMF) condition by withdrawing key powers from the Federal Board of Revenue (FBR) and establishing a Tax Policy Office under the Ministry of Finance, as per a newly issued notification.
As per details, the government has separated tax policy formulation from tax collection to enhance transparency and efficiency. Under the new law, FBR will now focus solely on tax collection and implementation rather than policymaking.
The new Tax Policy Office will report directly to the Finance and Revenue Minister and will be responsible for developing reform agendas and analyzing tax policies and proposals.
