Caretaker government forms high-powered body to restructure FBR

• The I&ADC to monitor the work of sub-committees to resolve any disputes.
• Ensuring fair distribution of available financial resources.
• Legal committees for the drafting of legislative acts in the tax laws.

ISLAMABAD: The caretaker government has constituted a high-powered Implementation and Asset Distribution Committee (I&ADC) to take all required actions to restructure the Federal Board of Revenue (FBR).

According to a release from the Ministry of Finance, Revenue and Economic Affairs, the Minister of Finance, Revenue and Economic Affairs, upon approval of the FBR’s Federal Cabinet Summary on Restructuring and Digitization, is pleased to formulate the following I&ADC for the follow-up required for the restructuring of FBR, as decided by the Federal Cabinet, namely: Finance and Revenue Minister as Chairman, Secretary, Law and Justice as Member, Dr Musharraf R Cyan as Member, Dr Manzoor Ahmad as Member, Syed Nadeem Rizvi, Member Administration as Member, Mukarram Jab Ansari, Member, (Legal & Accounts) as Member, Afaq Ahmad Qureshi (Member, IR-Policy as Member and Sajid Mehmood Qazi, Additional Secretary, as Member/Secretary Directorate of Revenue.

The terms of reference (ToRS) of the I&ADC are as follows:

The I&ADC will be responsible for the completion and coordination of the following tasks within specified timelines. Providing technical content for the formulation of legislative plans to enshrine the basic principles of the functional autonomy and accountability of tax administrations, the separation of tax policy from tax administration, the mandates of supervisory boards and the mandate of the Federal Policy Council. Monitor the work of the subcommittees to resolve any disputes, expedite the drafting, review and approval of legal acts and timely completion of their respective duties related to administrative and financial matters. Issuance of necessary rules, regulations, notifications and Statutory Regulatory Orders. administrative orders and directives; Appropriate allocation of human resources and assets among successor Agencies and Offices. Equitable distribution of available financial resources among successor agencies and offices. (I) Obtaining any required governmental approvals to successfully implement the transition plan; Ensuring a smooth transition of the Federal Board of Revenue to the successor agencies and offices with an appropriate legal and regulatory framework. Performing any ancillary or additional functions assigned by the Government, SIFC or any other competent authority to implement the decision of the Federal Cabinet.

The l&ADC has the following sub-committees for the duties assigned to each:

The Legal Sub-Committee: It will consist of Secretary, Law and Justice (Chairman/Convener of the Sub-Committee), Mukarram Jah Ansari, (Legal Member), Afaq Ahmed Qureshi (Member IR-policy), Ch. Muhammad Javaid (Chief legal) and Masood Akhtar (Chief Income Tax Policy) as its members.

Its Terms are as follows: Drafting of the required legislative acts, amendments to tax laws and all relevant statutes. After completing all requirements for review and approvals, submit them to the Federal Cabinet and then assist in their enactment. Drafting of necessary rules, regulations, notifications, SROs, general and jurisdictional orders, completing all requirements for review and approvals from the designated authorities, ensuring their timely issuance. Review and redraft any existing procedures to harmonize them with the new legislation and ensure their smooth implementation. and to perform any other function auxiliary to or in addition to the above.

ii. The Sub-Committee on Finance and Administration: Consists of Ali Tahir, Establishment Special Secretary (Chairman/Convener of the Sub-Committee), Ahmad Shuja Khan (Scrutiny Member FBR), Mohammad Imran Khan (DG R&A), Fareedoon Akram Shaikh (Chief-Admn), and Nasir Khan (Chief FBR) as its members. Its Terms will be as follows:

Identify and gather details of existing financial resources. assets and human resources relating to or owned by the Federal Board of Revenue (excluding those relating to individual IR & Customs terms); Allocation of financial resources of the FBR among the successor agencies, taking into account their financial and human resource needs, current projects and their development needs. taking into account their operational and administrative requirements; Ensure distribution in a manner that does not cause disruption to the operations and collection of duties and taxes of both Inland Revenue and Customs; and Perform any other function ancillary or additional to the above as may be prescribed from 1&ADC.

The above committee and sub-committees may co-opt more members (officials, legal and domain experts) with prior approval of l&ADC chairman.

The I&ADC or its sub-committees shall carry out their duties as per the schedules mentioned in the Implementation Plan while ensuring continuity of work, smooth collection of revenue without any interruption for the remainder of the financial year and causing minimal displacement of officers and offices in the process transition.

FBR is the administrative secretariat of I&ADC and its sub-committees. Admin Member FBR provides necessary secretarial support, relevant information and official records to I&ADC and its sub-committees as required by them. The Minister of Finance and Revenue may change the composition of the I&ADC or any of its sub-committees as he thinks fit.

The Minister of Finance is the final authority in relation to the operation, jurisdiction or resolution of disputes arising out of the proceedings of the I&ADC or any of its sub-committees.

Originally published on The news