ISLAMABAD: Federal Board of Revenue (FBR) Inland Revenue Policy Member Shahid Hussain Asad has urged all field formation offices to take stern action against tax evaders.
Talking to Customs Today, Asad said that the third party information system will be strengthened in order to increase tax collection from the potential taxpayers and others. He added that the department would provide full protection to the well-wishers (informers) as there was a law in this regard in finance bill which is in effect.
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He said that the FBR is taking measures to make third party information system more functional, as in the past not proper attention was given to this aspect by the department which was a loophole.
Sharing the priorities which were set by department for running fiscal year with Customs Today, he said that “our priorities are to enhance tax base and revenue collection, besides developing a documented economy of Pakistan.”
Asad said that people have been misusing the exemptions given by FBR instead of paying taxes honestly.
He also asked the public to help the FBR in order to trap the tax evaders in the larger interest of the country, adding that department will also offer financial reward to the informers.
