Director General Faisal Fareed leads tax compliance revolution

Web DeskJune 6, 2024 07:14 AMbusiness
  • Innovative strategy to boost tax compliance and revenue generation
  • Promotes self-audit culture among citizens for transparency
  • Focus on automation for efficient taxation system
Director General Faisal Fareed leads tax compliance revolutionImage Credits: urdupoint
The Excise, Taxation & Narcotics Control department, led by Director General Faisal Fareed, implements a pioneering strategy to enhance tax compliance and revenue through self-audit culture and automation.

The Excise, Taxation & Narcotics Control (ETNC) department, under the leadership of Director General Faisal Fareed, has introduced a groundbreaking strategy to improve tax compliance and revenue generation. The department aims to empower individuals to voluntarily disclose their taxes, promoting a culture of self-audit and active participation in ensuring compliance.

This initiative is designed to simplify the compliance process and enhance transparency by allowing citizens to self-audit. Director General Fareed has highlighted the importance of utilizing automation to boost revenue generation. The department is dedicated to establishing a fully automated taxation system, with the ambitious goal of achieving 100 percent automation.

The Excise and Taxation department's innovative approach to tax compliance not only encourages taxpayers to take responsibility for their taxes but also emphasizes the use of technology to streamline processes. This initiative marks a significant step towards a more efficient and transparent taxation system, benefiting both the government and taxpayers alike.

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