[vc_row][vc_column][vc_column_text dp_text_size=”size-4″]
ISLAMABAD – The apex tax collection authority in Pakistan has set ambitious targets for the current fiscal year to expand the taxpayer base in accordance with International Monetary Fund (IMF) discussions.
The Federal Board of Revenue (FBR) plans to implement strict measures, including cutting electricity and gas connections and blocking mobile SIM cards for individuals who do not file income tax returns.
Read more : FBR Forms Panel To Enhance Single Sales Tax Return Portal
In recent meetings, the caretaker setup considered broadening the base of tax filers and increasing revenue. As part of restructuring, the top tax machinery has established 145 District Tax Offices, with the aim of adding 2 million new taxpayers to the tax net by June 2024.
According to a press release, the Income Tax Ordinance, 2001 empowers the FBR to disconnect utility connections, including electricity and gas, while the mobile SIM cards of non-taxpayers will be blocked if the return is not filed.
The new law facilitates the sharing of data between several agencies and departments with the FBR through an automated common transmission system.
[/vc_column_text][/vc_column][/vc_row]
