LAHORE: The Federal Board of Revenue (FBR) can generate more revenue by exploring new sources of tax collection such as website business and domestic manufacturers-cum-suppliers. An official said on anonymity that there were many sources to collect taxes that have not been investigated until now. He said in the age of technology, people are running business over websites and earning millions of rupees but they are not in the tax net.
The source added by exploring new sources department will not have to increase the tax rates repeatedly in a year. He further informed existing taxpayers have shown dissatisfaction over high tax rates. The department is working hard to broad the tax net by detecting new sources of tax, he said.
An IT professional revealed that a lot of people are running business of ‘add posting and view adds’ and they are earning a lot. He said there are many other hidden businesses that are running online. He added that government could get more revenue in wake of income tax by detecting such websites and their honors. He suggested that FBR should increase the capacity level of its work force by equipping them with latest technology.
Official also said that FBR intelligence wing need to increase its efficiency to highlight the domestic manufacturers who have set up their factories in their homes to avoid taxes. There is need to mobilize the public to coordinate with tax departments to bring non filers in tax net, he suggested. They are producing items without any label and supply in markets and such businessmen need to be brought in tax base, he said. There is potential to collect income tax, sales tax and withholding tax from these unregistered businesses.
