FBR to take strict action against non-filers in order to increase tax collection

According to a news report from November 14th, the Federal Board of Revenue (FBR) plans to use a comprehensive strategy that involves sending notices to non-filers along with implementing extra administrative actions.

Read: Federal Board of Revenue Assures The Continuation Of The Exemption Of PKR 50,000 Per Month From Income Tax

As per the details provided, insiders from the FBR have disclosed an ambitious strategy. This strategy aims to bring in one million individuals under the tax system in the initial phase. Following this, there will be concentrated endeavors to increase this number to 1.5 million individuals by 2024, with a broader objective of incorporating 6.5 million taxpayers by June 30, 2024.

The drive against non-filers by FBR will include sending notices and implementing strict administrative. However, this also adheres to legal actions to ensure adherence to tax regulations. Aligned with this effort, Caretaker Prime Minister (PM) Anwar ul Haq Kakar has given the green light to these measures. Further, this indicates a commitment to fortifying the tax foundation.

Read: FBR Body Formed To Help Taxpayers Submit Sales Tax Returns

Emphasizing the immediacy of the matter, FBR officials emphasize that merely 350,000 individuals have filed tax returns in the ongoing fiscal year. This underscores the pressing need for the suggested actions to significantly boost the count of taxpayers. This also aids the nation’s overall economic stability and growth.

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