Few days back, a meeting of senate standing committee on Finance enlightened the capacity constraints of FBR. When committee inquired FBR for apdate of audit of telecom companies, it was revealed that FBR don’t have capacity to analyse transaction wise data of withholding taxes collected by telecommunication companies. FBR to Conduct Audit of Telecom Operator.
This capacity constraint of FBR was overburdening existing taxpayers to meet annual targets. On the other hand Telecom operators were reluctant to share customer data with Federal Board of Revenue however after the involvement of PTA, this issue has been resolved. A representative from FBR also told that a new software has been designed for collection of biweekly data from telecom operators.
FBR to Conduct Audit of Telecom Operator
On the new software, Telecom operators will have to provide information customer wise usage of phones credits. It also includes easy loads and calling cards used per month. This information will be rechecked and matched by monitoring officer.
Ministry also told that PRAL has developed a system in collaboration with Telecom companies. This Utility asks telecom operators to upload withholding data files. From August 2017, telcos are uploading all relevant data on new software.
Now the Minister of Finance, Revenue and Economic affairs told in an official documents that withholding data uploaded by Ufone had certain flaws in it.
Up til now Jazz previously known as Mobilink and Ufone have uploaded their data on new format. The data uploaded by Ufone has many errors due to which PRAL is in contact with the telecom operator to remove those errors.
Telenor and Zong have to upload their data on new software yet. PRAL has instructed both company to complete their task as soon as possible.