FBR plans achieving annual target through broadening tax base

FBR plans achieving annual target through broadening tax base

KARACHI: Federal Board of Revenue (FBR) is working hard to broaden the tax base for achieving Rs7.5 trillion collection target for fiscal year 2022/2023.

Hyder Ali Dharejo, Chief Commissioner Inland Revenue, Regional Tax Office – I, Karachi said at a meeting members of All Pakistan Textile Mills Association (APTMA).

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The chief commissioner said that that FBR wants to reduce the burden of tax on the taxpayers who are already enrolled in the tax net and paying their due tax regularly and honestly.

Chairman – APTMA, Asif Inam was present at the meeting. The meeting was also attended by Naveed Ahmed, Vice chairman APTMA, Nadeem Maqbool, Former Chairman APTMA, Imran Maqbool and Faizanullah, Vice Chairmen – APTMA Southern Zone and Khurram Inam, Member Executive Committee APTMA.

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Hyder Ali Dharejo informed the meeting that FBR believes in expanding the tax net in the best interest of the country as well as those who are already paying their tax and contributing in the development of the economy of Pakistan.

He informed the meeting that to achieve the tax target of Rs. 7.50 Trillion in the current fiscal year FBR is working hard for increasing the tax base. He further informed that FBR has digitalized our system so that there should be minimum interaction between the taxpayers and tax collectors.

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Commenting on the query of Asif Inam, Chairman APTMA, Mr. Hyder Ali Dharejo informed that the tax notices are issued only once in four years and the notices issued to individuals or companies more than one time in four years are withdrawn.

Asif Inam asked the Chief Commissioner that in view of the present economic situation of the country FBR should encourage the existing and new taxpayers and don’t take harsh measures and issue irrelevant notices to the individuals as well as corporate sector. He invited Chief Commissioner RTO to visit APTMA and apprise members about the facilities and incentives provided by the FBR to the taxpayers.

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