ISLAMABAD: Federal Board of Revenue (FBR) will launch a door-to-door survey for identifying potential tax evaders to broaden the tax base, a report issued by ministry of finance said.
“In order to broaden the tax base, FBR is set to launch nationwide campaign, which includes door-to-door survey for collection of information to identify potential tax evaders,” the report said.
This will not only improve the tax collection but will also increase the tax net, which is pivotal in reviving the overall economic structure of the country, it added.
The present government is restructuring FBR wherein the tax structure is being segregated between policy and collection.
The purpose of proposed structure will address any existing and potential conflict of interests. In addition, it will also help in better engagement of policy-makers with various stakeholders to devise business friendly taxation policies.
In this connection, FBR has also initiated a project of “Strengthening Tax System and Building Tax Policy Analysis Capacity” where the aim of the project is to support policy informed decisions in domestic revenue mobilization.
The project is aligned with the objective of government vision 2025. On the other hand, in order to achieve the revenue targets, the collection team is expected to focus on enhancement of collection alone without interfering the taxation policies.
Further, the government is introducing policies to ease methods of revenue collection such as digitization of tax collection in Pakistan.
In this regard, State Bank of Pakistan (SBP) and FBR have jointly introduced the online collection of government taxes through One-Link facility.
The aim is to improve payment system particularly from the perspective of revenue collection along with facilitating tax payers and minimizing incidence of leakages.
All these measures are expected to reduce the debt burden of the country in the medium term, the report said.
It’s good move by the govt. But monitoring would be great task ahead n transparency is most critical element to achieve the target.
In my opinion the only way to broaden the tax base to is to outsource the survey to private sector
The FBR need to bring in order its own house. Rightly commented that transparency is most critical element to achieve the target.
The FBR need to bring in order its own house. Rightly commented that need of the hours is the transparency .