ISLAMABAD: The regional tax offices and large taxpayer units (LTU) on directions from Federal Board of Revenue (FBR) has covertly started to collect and computerize details about potential tax payers to increase the tax base.
As per details, FBR has directed all regional offices to collect details about source of income, property and tax payments of residents in their jurisdiction.
Sources told Customs Today that regional offices have received directions from FBR to computerize the details about individual’s data that can pay tax. These details include names, ownership of plots, property, bank accounts, electricity and gas bills and details about dependents.
“After compiling the data FBR will issue notices to individuals who were potential taxpayers and if they notice bearer challenged it on wrong grounds they will be fined equal to the payable tax.
Previously, regional offices has sought help of banks, housing authorities and motor registration authorities to provide details about potential taxpayers but these authorities challenged the decision in FBR headquarter. Later, on explanation the legitimacy, these institutions started providing related information which will help increase in tax net and consequently in national exchequer.
Pakistan faces challenges to expand public services as Oxfam warns of rising inequality in Asia
ISLAMABAD: Pakistan faces growing challenges in ensuring access to healthcare, education, and social protection as governments across Asia continue to...
