ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Muhammad Irshad has refuted the reports of bringing 3.8 million more people under tax net.
“No in fact it was a myth and no such data has been provided by National Database and Registration Authority (Nadra) to FBR,” he told the Senate Standing Committee on Finance.
The meeting of the committee was held under the chairmanship of Senator Saleem Mandviwala to discuss Finance Bill 2017-18, clause by clause. Proceeding on the bill, the committee also directed to take additional measures to expand tax net across the country.
The FBR chairman said the Board was itself conducting survey to identify the well off individuals and companies to bring them under the tax net. Furthermore, the FBR chairman informed that the people who identify such non-filers would also be rewarded.
Dr Muhammad Irshaad informed the committee that the board was planning to establish a directorate within FBR to broaden tax net.
Meanwhile regarding Benami transaction, Senator Azam Swati said the FBR should launch an awareness campaign regarding consequences of Benami transaction and apprehend such persons to discourage the Benami transaction. Moreover, the committee was informed that during last year, total tax collection from real estate sector stood at Rs15 billion.
The meeting was attended by Senators Talha Mehmood, Ayesha Raza Farooq, Mohsin Aziz, Saud Majeed and Osman Saifullah Khan.
