ISLAMABAD: The Federal Board of Income (FBR) is predicted to roll out a Monitor and Hint (T&T) System for particular items together with tobacco, cement, sugar, and fertiliser by the top of June 2021, the physique introduced on Friday on the pre-bidding convention.
The FBR stated the final date of the bids — to grant a five-year licence for an IT-enabled digital monitoring answer — is December 19 which can’t be prolonged because the T&T System has been deliberate to be rolled out by June 30, 2021, an announcement issued by the income physique stated.
The pre-licensing convention was held on the FBR Headquarter which was attended by 25 individuals in particular person whereas one other 15 individuals joined just about.
Member (IR-Operation) Dr. Ashfaq Ahmed and Venture Director, (Monitor & Hint System) Tariq Hussain Shaikh performed the convention and defined the features, options, and objective of implementing the T&T System in Pakistan.
The system goals at offering minimal human interface, stopping leakage of income, under-reporting gross sales of specified items and to make sure correct fee of responsibility and taxes.
Printed in Daybreak, December 4th, 2020