UN to hold digital taxes conference with FBR
The United Nations Economic and Social Commission for Asia and the Pacific (UN-ESCAP) is organising an International Conference on Digitalisation of Taxes in Pakistan, in collaboration with the Federal Board of Revenue (FBR), in Islamabad on June 20. The three-day conference is being held in the context of an ESCAP technical assistance project to FBR, which focuses on four areas of information and communication technology (ICT) applied to tax administration: e-invoicing, e-withholding tax systems, point of sale (POS) systems, and track and trace for manufacturing industry. ESCAP says the use of these ICT tools can improve the efficiency and effectiveness of tax administration in Pakistan by enabling better monitoring and control of tax collection processes. Ultimately, this will result in increased revenue for the government. The conference will discuss practical issues in the implementation of e-withholding tax system with the participation of two experts from the Australian Taxation Office.