FBR highlights measures to broaden tax base

BusinessFBR highlights measures to broaden tax base

The Federal Board of Revenue (FBR) through its field formations has been continuously striving for increasing the tax base with a number of initiatives aimed at adding potential new taxpayers.

During the Fiscal Year 2023-24, 3,574,221 new taxpayers registered themselves and 1,780,406 new returns filed which were 55% and 69.8% more than new registration and new returns filed during corresponding period of last fiscal year.

Measures being taken by FBR to broaden the tax base;

  • As many as 146 District Tax Offices (DTOs) have been established with specific task of registering new taxpayers and enforcement of returns from non-filers.
    • The field formations submit monthly performance reports in this regard.
    • In addition, it is continuously monitored through Dashboard.
  • The FBR has initiated a simplified tax regime namely “Tajir Dost Scheme” to facilitate retailers in registration and payment of advance tax. So far more than 50,000 retailers have registered under this scheme.
    • Recently, the FBR has also issued SRO No. 1024 of 2024 and has introduced fixed monthly payment depending on the indicative income at identified localities for shopkeepers and retailers in 42 Cities.
  • Cell Phone of more than 265,000 selected potential nonfilers/stop filers have been temporarily disabled through TELCOs.
    • Till date 103,337 SIMs have been restored after filing of returns.

 

Note: The above information was shared with the Senate by the Minister for Finance and Revenue Muhammad Aurangzeb.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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