KARACHI: In order to encourage taxpayers, the Federal Board of Revenue (FBR) is likely to introduce single-page return form soon.
According to Tax Reforms Commission (TRC) Member Masood Naqvi, the commission is working to address taxpayers’ grievances to broaden tax net.
FBR received tax returns of 215,000 by September-end against an estimated potential of seven million. But, the number was significantly more than around 60,000 returns filed till the same period last fiscal year.
Number of return filers surpassed 1.2 million for the tax year 2016 given the fact less than one percent of the population pays income tax and files tax returns – one of the lowest ratios in the world. TRC has long been demanding one-page income tax return form to facilitate taxpayers and avoid harassment of the taxpayers.
