ISLAMABAD: Federal Board of Revenue (FBR) Member Inland Revenue (Operations) Seema Shakil has issued notification for taking measures for broadening of tax base.
The notification issued in this regard stated that the prime minister has expressed his concern over narrow taxation base, low tax-to-GDP ratio, systematic aberrations in the taxation system and has desired that concerted efforts to put in to increase taxation base.
In this regard, and in addition to other measures that are being pursued, following need to be taken up on top priority for unearthing new taxpayers.
Data of bank account holders above the threshold of Rs500,000/- be examined with the assistance of State Bank of Pakistan (SBP).
Data of all industrial and commercial power connections be obtained from DISCOs and meaningfully extrapolated to ensure filing of tax returns by all concerned.
Information about all owners/tenants living in houses of two kanals or more be obtained. Information about all persons owning luxury vehicles of 2400CC and above be scrutinized objectively. Information about frequent foreign travelers be analyzed.
The notification further stated that in addition to the above, existing base line data of all the above areas/indicators along with the targets set by field formation for the Tax Year 2019-20 need to be shared y 11.6.2019 positively, as directed by the prime minister. The prime minister will review the performance of FBR in the context of broadening and widening tax base on monthly basis.
