Countdown started for Non Filers | PM Imran Special Orders Circulated to All Chief Commissioners | Broadening of Tax Base | Global Tax Consultants %Top Tax Consultants In Lahore Pakistan

Countdown started for Non Filers | PM Imran Special Orders Circulated to All Chief Commissioners | Broadening of Tax Base ||

FBR issued letter addressed to all of its chief commissioners on Monday, 3rd June 2019 for taking practical steps as per the areas highlighted in the letter for broadening of tax base and to motivate the non filers to submit their tax returns and take its benefits. This letter has been issued from the Chairman, FBR to focus on the mentioned areas on priority basis.

FBR is going to focus on the following areas,

• information has been requested to state bank Of pakistan Of those bank account holders above the threshold of Rs 500,000 be examined and information like tax deducted on banking transactions be provided.

• Data of all industrial and commercial power connections be obtained from DISCOs and meaningfully extrapolated to ensure filling of tax returns by all concerned.

• Information about all owners and tenants living in houses of two kanals or more be obtained from registration authorities, housing societies, DHAs, and development authorities.

• information about all persons owning luxury vehicles of 2400cc and above be scrutinised from motor vehicles registration authorities , car manufacturers and dealers.

• information about frequent foreign travelers be analysed from FIA and NADRA.

Such areas have been first given as a task to the tax officers to work on priority because currently out tax base is very low and also we have faced a huge deficit in the recovery of revenue in this financial year and in the coming budget other measures will also be taken through legislation to better the issues highlighted.

The PM Imran Khan will review the performance of the FBR in context of broadening and widening  tax base on monthly basis.