ISLAMABAD: Federal Board of Revenue (FBR) will register non-filer members of Supreme Court Bar Association.<\/p>\n
The Federal Board of Revenue plans to bring non-filer members of the Supreme Court Bar Association into the tax net.<\/p>\n
Sources said the FBR has drawn up a comprehensive plan to register 1 million non-filers in the tax net with the help of third-party data and the board’s central database.<\/p>\n
FBR will bring non-filers members of Supreme Court Bar Association into the tax net with the help of available data in the first phase.<\/p>\n
The Supreme Court Bar Association has about 3,400 members and the FBR is tracking non-filers of tax returns from the available data of Supreme Court Bar members.<\/p>\n
According to sources, the FBR also briefed the Technical Tax Expert Team of the International Monetary Fund (IMF) on Monday on increasing the tax net.<\/p>\n
“About 32 lakh taxpayers have filed income tax returns so far and the FBR plans to take these returns to over 6 million during the current financial year,” the IMF team was informed.<\/p>\n
The FBR further informed the IMF that the tax machinery will meet the set tax collection target of RS 9.4 trillion for 2023-24.<\/p>\n
The FBR has also shared a plan that the expected shortfall due to import compression in the coming months will be offset by domestic taxes, particularly direct taxes.<\/p>\n
<\/p>\n
Sources said that the IMF’s technical team will (today) meet the task force on tax and FBR reforms on Tuesday.<\/p>\n
The task force will share proposals to increase tax revenue and recommendations to address loopholes in the tax system.<\/p>\n
The task force will propose short and long-term strategies to increase tax revenue using modern technology.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD: Federal Board of Revenue (FBR) will register non-filer members of Supreme Court Bar Association. The Federal Board of Revenue plans to bring non-filer members of the Supreme Court Bar Association into the tax net. Sources said the FBR has drawn up a comprehensive plan to register 1 million non-filers in the tax net with […]<\/p>\n","protected":false},"author":9,"featured_media":20420,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,9,21,2],"tags":[10256,1200,131,138],"class_list":["post-20419","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-latest-news","category-news","category-pakistan","tag-news","tag-supreme-court","tag-fbr","tag-pakistan"],"_links":{"self":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/20419","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/comments?post=20419"}],"version-history":[{"count":0,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/posts\/20419\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media\/20420"}],"wp:attachment":[{"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/media?parent=20419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/categories?post=20419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailyausaf.com\/en\/wp-json\/wp\/v2\/tags?post=20419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}