KARACHI: The Federal Board of Revenue (FBR) has decided to bring “professionals” into tax net and punitive measures are being taken by the board in this regard.
Well informed sources told Customs Today that the FBR concerned authorities are making plans to extend the tax net by bringing professionals including doctors, educationists, lawyers, engineers and others into tax net.
They further said that the Chairman FBR Tariq Bajwa and Member Customs Nisar Muhammad Khan in their recent meeting discussed the revenue generation modes with the officials of Inland Revenue Services (IRS) and asked them to take effective measures in order to include professionals into tax net.
The sources further said that around 7 million people are presently in the tax net of Federal Board of Revenue, out of which around 3 to 4 million people are regular tax payers.
Sources further revealed that the FBR is also planning to introduce special perks and privileges to those tax payers who regularly pay their due taxes.
They said that the FBR concerned authorities with cooperation of other organizations are preparing a list of doctors, lawyers, engineers and others who are not paying taxes regularly and attempts are being made to include them into tax net for broadening the levy ambit and increase revenue generation.
