Tag: Broadening of Tax Base

Islamabad, December 25, 2023 – The Federal Board of Revenue (FBR) is flexing its muscles in a bold move to capture 1.5 million new taxpayers and boost tax base of Pakistan.

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Karachi, December 24, 2023 – Pakistan has updated its list of mandatory tax return filers in a move to enhance fiscal transparency and broaden the tax base.

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Karachi, November 29, 2023 – In a concerted effort to expand the national tax base, tax authorities in Pakistan, led by the Federal Board of Revenue (FBR), have implemented a series of measures aimed at identifying and registering new taxpayers.

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ISLAMABAD: The Federal Board of Revenue (FBR) has sought assistance from tax practitioners for broadening of tax base.

In this regard a Memorandum of Understanding (MoU) was signed between the FBR and Pakistan Tax Bar on February 07, 2022 at FBR HQ Islamabad.

READ MORE: FBR asked to redouble efforts for broadening tax base

The FBR said that in a historic development it had taken a watershed initiative to ensure facilitation in filing of tax return by new taxpayers for broadening of tax base by signing a memorandum of understanding with Pakistan Tax Bar.

The FBR is all set to launch yet another out of box digital intervention for broadening of tax base through definite information obtained about non-filers.

READ MORE: FBR offers help to provinces in broadening agri tax base

The revenue body said it had already collected information about assets and expenditures of the persons outside the tax net from various sources. This information shall be made available to persons outside tax net through Tax Asaan Portal.

Under the MoU, Pakistan Tax Bar will share the lists of qualified and willing members of Tax bar to file tax return of the new taxpayers.

READ MORE: FPCCI calls for broadening of tax base to push GDP growth

The FBR will make this list of tax consultants available to new taxpayers wanting to file tax returns and will facilitate this by payment of fixed fee for filing of return to the tax consultants.

The facility will be purely voluntary and a taxpayer will have an option to avail this free of cost facility or hire his/her own tax consultant.

Broadening of tax Base is a key priority of the government and this facility of filing of tax return is an unprecedented step for facilitation of new tax payers and thus maximize tax compliance in the country.

READ MORE: FBR to get information of all persons entering, leaving Pakistan for broadening of tax base

ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, on Monday asked the Federal Board of Revenue (FBR) to redouble its efforts for broadening the tax base.

The adviser expressed his full support and confidence to the FBR team and advised to redouble their efforts and launch the taxpayer outreach initiative at the earliest to expand the existing tax base and boost the revenue collection. Tarin chaired a meeting on broadening of the tax base by the FBR at the Finance Division.

Chairman FBR, senior officers from FBR, and Finance Division attended the meeting.

Chairman FBR and his team gave a detailed presentation on the progress on readiness for potential taxpayer outreach initiatives to boost revenue growth and resource mobilization.

Chairman FBR apprised the Adviser that pragmatic steps have been initiated for the compilation of data, with the support of NADRA, which would be available to potential and current taxpayers in a presentable and comprehensible manner through a web portal.

Key challenges to reaching out to potential and current taxpayers, public awareness, and confidence-building measures taken by FBR were also discussed in the meeting.

The adviser lauded the steps taken by FBR and stressed that efficient and robust communication with the taxpayers should be at the center of activity undertaken by FBR to harness public support for its efforts for broadening the tax base and promoting a tax compliant culture in the country.

FBR offers help to provinces in broadening agri tax base