We are proud to announce that our team has successfully handed over the Compliance Risk Management (CRM) Code to the Federal Board of Revenue (FBR) and PRAL.

This system, powered by advanced Machine Learning, is designed to identify high-risk taxpayers and enhance audit selection processes. During its pilot phase, the CRM code was successfully tested on five years of taxpayer data and will now be applied to TY 2024 data. The system flagged anonymous behaviors and patterns, providing a significant leap forward in improving audit selection accuracy.

The CRM is a key sectoral benchmark set by the International Monetary Fund (IMF) for the Government of Pakistan. It is also one of nine global performance outcome areas used to assess tax administrations.

In the long run, CRM will:
-Reduce administrative burdens on tax authorities.
-Provide systematic tools to identify anomalous tax behavior.
-Empower FBR through Intelligence Profiles/Scan, a Compliance Risk Register, and a Compliance Improvement Plan.

This transformational system is expected to play a crucial role in FBR’s revenue mobilization efforts, improving compliance and building trust in the tax administration system.🇵🇰