KARACHI: The Federal Board of Revenue (FBR) planned the establishment of a Directorate General Survey and Registration Inland Revenue to bring potential taxpayers into tax net.
According to sources, Large Taxpayers Unit (LTU), Karachi in its budget proposal 2014-15 suggested to the FBR the establishment of ‘DGSR’ for collection of information regarding income assessment of potential taxpayers.
As per details, the FBR appears to be keen to execute the proposal to bring potential taxpayers into tax net. The directorate is likely to be established through Finance Act, 2014 and will be tasked with collection of information pertaining to income assessment of potential taxpayers and collection of tax under the Income Tax Ordinance, 2001.
The proposed directorate will also compare the information with the available record and disseminate information to the commissioners concerned.
The proposed directorate, if set up, will be consisted of a director general, directors, additional directors, deputy directors, assistant directors and such other officers.
Currently, all sections in the FBR are striving for broadening tax base but there is no specific department for the purpose and if the DGSR is set up, it will boost the efforts being made for broadening tax net.
