FBR has also set up 145 DTOs to bring 1.5 to 2 million new taxpayers into the tax net by June 2024.
- Plan to bring 20 lakh taxpayers under the tax net by June 2024.
- 145 district tax offices established across the country.
- The offices will bring in new taxpayers by implementing income tax returns.
ISLAMABAD: The Federal Board of Revenue (FBR) has acquired more powers to expand the scope of tax and has been authorized to disconnect utility connections and block mobile SIMs if returns are not filed in response to notices issued. news Reported on Saturday.
The decision comes after Pakistan reached a staff-level agreement with the International Monetary Fund (IMF) on the first review of its $3 billion bailout.
There were barely 4.9 million return filers out of a total population of 240 million during the last financial year. There are approximately two million return filers who have filed zero returns, so there is great potential to find potential non-filers or tax evaders to broaden the tax base.
In this regard, the Federal Board of Revenue (FBR) also set up 145 district tax offices across the country as part of restructuring measures to bring 1.5 to 2 million new taxpayers into the tax net by June 2024.
The offices will focus on bringing new taxpayers into the tax net by enforcing income tax returns from non-filers and barring those filing till June 2024.
A statement issued by the FBR said Prime Minister Anwar-ul-Haq Kakar had stressed the importance of revenue and increasing the existing number of tax filers during recent meetings.
The board on Friday notified the offices of 145 DTOs to broaden the tax base, ultimately increasing the tax-to-GDP ratio to the desired level.
DTO will be Inland Revenue Officer of BPS-17/18. They will receive and use third-party data obtained from multiple departments and agencies, which hold vital information regarding investments in assets and huge expenditure by potential taxpayers who have hitherto evaded and evaded the taxation system, including registration and tax filing. Have managed to stay away. Return.
One of the tools to be used for this purpose would be to invoke the recently introduced section 114B of the Income Tax Ordinance 2001 which empowers the department to disconnect utility connections including electricity and gas and block mobile SIMs if returns are not filed in response. Gives the right to do. Notices were issued.
A new documentation law is also being introduced to oblige various agencies and departments to provide data to the FBR through an Automated Common Transmission System.