A Step Towards Greater Transparency
The Federal Board of Revenue (FBR) has issued a directive requiring all its officers and officials, including members of the Inland Revenue Service (IRS) and Pakistan Customs Service (PCS), to submit detailed declarations of their assets and liabilities for the fiscal year ending June 30, 2024.
This mandatory disclosure is aimed at enhancing transparency and accountability within the FBR. By requiring officials to declare their financial holdings, the government seeks to deter corruption, conflicts of interest, and the accumulation of illicit wealth.
Key Points:
- Deadline: Asset declarations must be submitted by July 25, 2024.
- Scope: The directive covers all FBR officials, including IRS and PCS members.
- Compliance: Failure to comply constitutes misconduct and will result in disciplinary action.
- Objective: To foster a culture of transparency and accountability within the FBR.
This move is seen as a significant step towards improving governance and public trust in the tax administration system. By enforcing strict asset declaration requirements, the FBR is demonstrating its commitment to ethical conduct and financial probity among its officials.
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