NAB forms body to check loopholes in FBR

ISLAMABAD: The National Accountability Bureau (NAB) has constituted a Prevention Committee on Federal Board of Revenue to identify the loopholes in the Taxation Rules, Regulations & Procedures of FBR and to recommended measures to plug the heavy leakages caused through corrupt practices.
The body was formed on the directions of Chairman NAB Qamar Zaman Chaudhry headed by Deputy Chairman NAB Rear Admiral (R) Saeed Ahmed Sargana, and comprises serving and retired senior taxation officers, private sector, Transparency International, State Bank of Pakistan and other stakeholders.
The Prevention Committee has the mandate to focus on the loopholes of those laws, rules, regulations and procedures of taxation which are misused and give rise to corruption and corrupt practices.
The Prevention Committee will also identify systematic weaknesses and propose measures for stopping leakages and evasion of government revenue. Further, the Committee may refer observations of glaring corrupt practices and the incidents of corruption to the enforcement Division NAB.
The Prevention Committee will submit its report in 180 days to chairman NAB in form of recommendations formulated for consideration and execution by FBR and relevant departments.
The Committee is authorised to seek full and complete assistance for all or any documents and information relevant to the subject matter from any department, federal government, provincial government, financial institution, person or authority as enunciated in NAO Sec 27. On the basis of recommendations of Prevention Committee, chairman NAB will formed Implementation Committee under NAO 33-C(e).