The caretaker government has constituted a high-powered Implementation and Asset Distribution Committee (I&ADC) to undertake all required actions for the restructuring of the Federal Board of Revenue (FBR).
According to a notification issued by the Ministry of Finance, Revenues and Economic Affairs Division stating that the consequent upon the approval of the Federal Cabinet of FBR’s summary for restructuring and digitisation, the Minister for Finance, Revenue and Economic Affairs is pleased to constitute the following I&ADC for follow up actions required for the restructuring of the FBR, by the decision of the Federal Cabinet, namely: Minister for Finance and Revenue as Chairperson, Secretary, Law and Justice as Member, Dr Musharraf R Cyan as Member, Dr Manzoor Ahmad as Member, Syed Nadeem Rizvi, Member Administration as Member, Mukarram Jab Ansari, Member, (Legal& Accounting) as Member, Afaq Ahmad Qureshi (Member, IR-Policy as Member and Sajid Mehmood Qazi, Additional Secretary, as Member/Secretary Revenue Division.
The terms of reference (ToRS) of the I&ADC shall be as follows:
The I&ADC shall be responsible for the completion and coordination of the following tasks within prescribed timelines. Providing technical content for the formulation of statutory drafts to enshrine the core principles of operational autonomy and accountability of the tax administrations, separation of tax policy from tax administration, mandates of the oversight boards and mandate of the Federal Policy Board; Monitoring the work of the sub-committees to resolve any disputes, expedite the drafting, review and approval of the legal instruments, and timely completion of their respective tasks relating to administrative & financial matters; Issuance of necessary rules, regulations, notifications, and Statutory Regulatory Orders. administrative orders and instructions; Appropriate distribution of human resources and assets between the successor Organisations and Offices; Equitable distribution of available financial resources between the successor organisations and offices; (I) Obtaining any required approvals from government to successfully implement the transition plan; Ensuring seamless transition of the Federal Board of Revenue into its successor organisations and offices with appropriate legal & regulatory framework; Performing any functions ancillary or in addition to the above as assigned by the government, the SIFC or any other competent authority to implement the decision of the Federal Cabinet.
The l&ADC shall have the following sub-committees for the tasks assigned to each:
The Legal Sub-committee: It shall comprise Secretary, Law & Justice (Chairman/Convener of Sub-Committee), Mukarram Jah Ansari, (Member Legal), Afaq Ahmed Qureshi (Member IR-policy), Ch. Muhammad Javaid (Chief legal) and Masood Akhtar (Chief Income Tax Policy) as its members.