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Home Breaking News

FBR starts registration process of 1.35 million potential taxpayers

byCT Report
28/11/2024
in Breaking News, Islamabad, Latest News, Slider News
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ISLAMABAD: The Federal Board of Revenue (FBR) has embarked on an ambitious initiative to register 1.35 million potential taxpayers identified through third-party data analysis. The FBR has shared this data with Inland Revenue field formations, tasking them with further action to expand the tax base.

According to the FBR’s 2023-24 report on broadening the tax base, this effort is part of a comprehensive strategy leveraging technology, data analytics, and real-time collaboration with key organizations. A major highlight is the ongoing partnership with NADRA to establish real-time, machine-to-machine data integration with entities managing financial transaction records.

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The FBR has adopted innovative tools, such as monitoring dashboards and targeted nudging campaigns. High-profile unregistered individuals are being contacted via SMS and WhatsApp messages, urging them to file their returns. In addition, the FBR has launched a media awareness campaign to encourage taxpayers to utilize the revamped Maloomat portal for easier tax compliance.

To bolster these efforts, the FBR has signed MoUs with 28 organizations for real-time data sharing. A special committee, led by the NADRA Chairman and senior officials, has been established to provide recommendations for widening the tax base. These recommendations are now being implemented.

The FBR has also upgraded its infrastructure, designating 145 District Tax Offices (DTOs) with specific jurisdiction to target non-filers. As part of enforcement measures, telecom companies have been instructed to temporarily disable SIMs of non-filers under Section 114B of the Income Tax Ordinance, 2001.

In the 2023 tax year, the FBR achieved a record-breaking 3.6 million new taxpayer registrations, with over 1.78 million filing their returns. Further enhancements, including the introduction of thresholds under Clause 2(43A)(g) through SRO 1842 of 2023, have streamlined the integration of Tier-1 retailers into the tax net. Retailers whose deductible withholding tax under Sections 236G or 236H exceeds prescribed limits are now subject to integration requirements.

These measures reflect the FBR’s commitment to increasing tax compliance and fostering a more inclusive taxation system. By leveraging technology, data integration, and targeted campaigns, the FBR aims to strengthen Pakistan’s tax infrastructure and broaden the revenue base.

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