FBR to buy digital monitoring devices by 30 October; Rs1 trillion tax gap in 18 sectors

LAHORE: The Federal Board of Revenue (FBR) will complete the purchase of digital monitoring system devices for the home appliances, leather, paper and board, and oil and ghee sectors by 30 October.

According to a report, the digital monitoring system has been fully installed in the sugar, cement, tobacco, tiles and fertiliser industries. Installation of the devices is under way in the textile, packaged water, packaged juice and packaged milk sectors.

The report said the purchase of devices for the steel, poultry and tyre sectors was completed by 15 October. The purchase for the tea, home appliances, leather, paper and board, and oil and ghee sectors will be completed by 30 October.

As part of efforts to narrow the gap between actual and potential tax collection, monitoring of sales and production in the major industrial sectors will be completed by the end of December.

According to the report, there is a tax gap of about Rs1 trillion in 18 sectors.