Finance UpdatesFinance Updates
  • Home
  • Business
  • Technology
  • Education
What's Hot

Ronald DeFeo Jr. Cause of Death: The Mystery Surrounding the Amityville Horror

September 30, 2023

Hunter Awtrey Cause of Death: What Happened to him?

September 30, 2023

Joanna Moore Cause of death Revealed? Know More Details here

September 30, 2023
Facebook Twitter Instagram
Facebook Twitter Instagram
Finance UpdatesFinance Updates
Saturday, September 30
  • Home
  • Business
  • Technology
  • Education
Finance UpdatesFinance Updates
Home » FBR establish a High-Capacity Data Warehouse for Interpretation of Big Data
Latest

FBR establish a High-Capacity Data Warehouse for Interpretation of Big Data

zerfeshan arshadBy zerfeshan arshadOctober 30, 20221 Comment3 Mins Read
Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
FBR investigates Bio Amla makers for tax fraud
FBR investigates Bio Amla makers for tax fraud
Share
Facebook Twitter LinkedIn Pinterest Email

The government has chosen to build a large data warehouse to facilitate big data analysis and the merging of taxpayer databases.

FBR intends to upgrade its Information Technology (IT) systems

According to a report prepared by the Federal Board of Revenue (FBR), the FBR intends to upgrade its Information Technology (IT) systems, including a high-capacity data warehouse to support big data analysis and database integration, as well as the replacement of end-of-life equipment in the FBR’s data centers.

According to the research, the FBR has to update its information and computer technology infrastructure in order to carry out its reform measures by deploying cutting-edge technologies in its data centers.

FBR is committed to implementing its ICT vision

According to the report, the FBR is committed to implementing its ICT vision of becoming a modern, fully automated, and data-driven organization with integrated systems that are not only internally connected but also nationally connected with all organizations (public and private) that can assist in detecting tax fraud.

Three primary data-related centers

  1. In Pakistan, FBR has three primary data-related centers:
  2. FBR headquarters data center, the PRAL office in Islamabad,
  3. The Disaster Recovery office in Karachi.

In addition to data centers, ICT equipment would be delivered to more than 35 FBR regional offices throughout Pakistan.

Regional offices include regional taxation offices as well as Pakistan Customs. The offices are now in the process of assessing ICT equipment requirements while continuing to utilize existing systems. During stakeholder engagements, it was brought to the attention of stakeholders that demolished equipment at such offices would be repurposed at sub-offices. As a result, the amount of E-waste generated will be minimal and will be calculated at the time of disassembly.

Information technology systems of FBR

The FBR’s main information technology systems—the Inland Revenue Information System for income tax, the Sales Tax Realtime Invoice Verification (STRIVE) system for General Sales Tax (GST), and the Web Based One Custom (WeBOC) system for Customs—have automated some business processes, such as tax return and goods declaration filing (GDS). However, these systems do not exchange data and lack critical features such as tax arrears monitoring and a transit module (WeBOC).

As a result, FBR requires ICT infrastructure and technical expertise to combine and analyze large data while maintaining acceptable data security. By allowing paperless administration, real-time contact with FBR field offices, and e-services for taxpayers, ICT investments in streamlined and automated business processes will produce efficiency advantages.

The initiative will help the FBR achieve its long-term reform agenda. The project’s solutions are founded on the ‘low rate-broad base’ approach, which states that a sustainable increase in collections is obtained through broadening the tax base and boosting compliance, rather than imposing additional taxes or raising tax rates.

Big Data FBR High-Capacity Data Warehouse
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Previous ArticleARY ZAP live stream | Watch ARYZAP Live streaming HD
Next Article Finance Minister Ishaq Dar threatened US dollar hoarders and smugglers
zerfeshan arshad

Web content writer (Business)

Related Posts

FBR Cracks Down on Fake Invoices in Coal Sector

September 28, 2023

Common Types of Domain Threats and How to Mitigate Them

September 28, 2023

FBR New Plan for Review Petitions Against FTO Orders

September 25, 2023
View 1 Comment

1 Comment

  1. Pingback: FBR And Provincial Revenue Agencies Reach Taxation Agreement - Financeupdates

Latest News
  • Ronald DeFeo Jr. Cause of Death: The Mystery Surrounding the Amityville Horror
  • Hunter Awtrey Cause of Death: What Happened to him?
  • Joanna Moore Cause of death Revealed? Know More Details here
  • Harry Potter Actor Michael Gambon Cause of death? By age of 82
  • Samsung Galaxy S23 FE Price in Pakistan 2023 & Specifications
Advertisment
SECTIONS
  • Mobile
  • Trending
Latest Post
  • Ronald DeFeo Jr. Cause of Death: The Mystery Surrounding the Amityville Horror
  • Hunter Awtrey Cause of Death: What Happened to him?
  • Joanna Moore Cause of death Revealed? Know More Details here
Trending
  • Petrol Price in Pakistan
  • Prize bond Schedule
  • Gold Rate in Pakistan
  • USD TO PKR

Finance Updates. Pakistan's Leading resource of Business & Technology News, we cover news in sci-tech, business, sports, auto, education, and trending.

Our Email: contact@financeupdates.net

Facebook Twitter
© 2023 Financeupdates.
  • Home
  • Contact Us
  • Privacy & Policy
  • Advertisement

Type above and press Enter to search. Press Esc to cancel.