ISLAMABAD: Measures are being taken to raise the cost of doing business for non-filers to compel them to become part of the tax system, a top official of Federal Board of Revenue (FBR) said.
Owing to the broad range of measures, the FBR has been able to raise the number of filers of Income Tax returns to 1.1 million, said Member Inland Revenue Policy Rehmatullah Wazir.
“We believe that there is a tax potential equal to Rs 5500-6000 billion and our efforts are directed to explore all possible possibilities for realizing this potential and generating much-needed resources for socio-economic spending,” he said.
The board has taken measures to create distinction between filers and non-filers by raising the cost of doing business for non-filers, he said, while briefing participants of 105th National Management Course here.
Similarly, new perspectives such as creation and maintenance of central data bank, simplification of tax procedures, increased reliance on direct taxes within the tax-mix, minimum tax exemptions and withholding tax, robust audit and more transparency were also being explored to promote a culture of tax compliance.
Customs Member Nasir Masroor Ahmed was also present on the occasion.
