LAHORE: Lahore Broadening of Tax Base (BTB) has brought 12,232 potential taxpayers under tax net which will add Rs 175-180 million to national exchequer during FY2014-15.
According to details, Lahore BTB issued 18,000 notices to the potential taxpayers who have not been filing their returns evading huge taxes.
Moreover, the BTB department created total tax demand of Rs 2 billion out of which Rs 400 million come under minus account.
Sources said that Lahore has huge potential and the federal government’s target to bring in new 100,000 taxpayers under tax net from the city. “Lahore BTB department has started secret survey which will enlist commercial high rises, cafés, shopping centers, general stores paying electricity bill above Rs 50,000 per month, restaurants, and such potential outlets for the purpose of enhancing tax base.
Sources disclosed that in a recent meeting Lahore BTB Department has devised a comprehensive strategy to bring the owners of the plazas in tax net who have availed LDA’s commercialization scheme.
They informed that BTB has attained access to the details about millions of commercial property owners who availed the LDA commercialization policy. The department will analyze the data assessing the capability of the potential taxpayers, they added.
On the other hand, however, the BTB Department has very limited infrastructure and men power which could be served as one of the impediments in the compliance of the issued notices and other related jobs.
The department has been covering the whole city with only eight officials including two officers and lower staff including stenographer, peon and others.
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