ISLAMABAD: Prime Minister’s Adviser on Finance Miftah Ismail has assigned National Database & Registration Authority (Nadra) task to identify 0.8 million potential non-filers, while the Federal Board of Revenue would bring wealthy individuals into tax net.
“We are going to share details of 0.8 million people with the FBR with solid information and the tax machinery will be tasked to bring them into tax net,” he added. He said that Nadra had done same exercise in the past but it possessed certain lacunas which would now be overcome and the FBR would be given data in such a shape that could help in bringing non-filers into tax net.
About jacking up taxable ceiling from Rs0.4 million to Rs1.2 million which was going to exclude around 5,21,000 taxpayers from paying any taxes and also reducing the income tax rates significantly, the adviser to PM replied that the government provided relief of Rs90 to Rs100 billion and this money would go into the pocket of people which would be circulated again and become part of the economic activities thus the government would get its due share in shape of taxes. On broadening of tax base, he said that Nadra identified real potential non-filers to the tune of 0.8 million new taxpayers which would be shared with the FBR very soon.
