Asad says issue of WHT on banking transaction to be resolved with consensus
ISLAMABAD: The Federal Board of Revenue (FBR) has extended the last date for submission of tax returns for the salaried persons from August 31 to September 30, 2015.
The last date for filing of tax returns for the non-salaried persons, however would remain same (September, 30), said spokesman of FBR Shahid Hussain Asad here on Monday.
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Asad said that FBR would issue notices to those non-compliant persons, who would not return their tax returns by the deadline.
He said the FBR’s administrative reforms were gradually leading to improvement in tax structure and revenue collection. The reforms, he said would continue for addressing the issue of tax compliance and administration.
Asad who is also member of Inland Revenue-Policy said that the FBR was devising a simplified proforma for the new taxpayers to facilitate them in filing of their tax returns.
He added that government has directed all chief commissioners of Regional Tax Offices (RTOs) to accelerate the efforts for the broadening of tax base.
He said that FBR would bring non-filers into tax net and document the national economy at all costs for prosperity of the country.
The spokesman of FBR said the government was firm in its resolve on the issue of charging withholding tax at the rate of 0.3 percent till September 30 from the non-filers.
“We want to take all stakeholders on-board on issue of withholding tax and they have also agreed to resolve the issue with consensus through negotiation process”, he remarked.
He said process of dialogue would restart in coming days and more meetings were expected between the government and business community to resolve the issue of withholding tax aiming to enhance tax to GDP ratio.
