ISLAMABAD, Jan 7: A joint International Monetary Fund and World Bank staff mission is scheduled to arrive here on Jan 20 to carry out review of steps taken so far for the restructuring of the tax administration.

A senior official in the Central Board of Revenue (CBR) told Dawn on Tuesday that the mission, comprising six officials of the donor agencies, would stay for 15 days in Pakistan to evaluate the performance of the reforms of the tax machinery.

The reforms team in the CBR would mainly brief the visiting team on the performance of the Large Taxpayers Unit (LTU) at Karachi and Medium Taxpayers Unit (MTU) at Lahore, respectively.

The mission included experts on sales tax, customs, income tax, human resource management and information technology who would analyze the reports prepared for the restructuring of the tax machinery.

They would also be given detailed presentation by the tax officials on the strategy report prepared by the consultant hired by the CBR for its final implementation.

During the stay, the review mission would be briefed on revenue performance in the first half year of the current financial year in comparison to that of last year.

The mission would also be briefed on the tax-wise performance of revenue collection during the July-December period of the current financial year over the same period of last year.

They would also be given presentation on future projections for the remaining months.

The official said that the review mission would discuss in detail budgetary revenue and expenditure, balance of payment, external financing, debt servicing, recent macro-developments/prospects, monetary data issues and privatization programme’s progress to date.