ISLAMABAD: Prime Minister Imran Khan has said that the broadening of tax net was significant for enhancing the government’s capacity to provide better facilities to the masses.
Talking to Chairman Federal Board of Revenue (FBR) Shabbar Zaidi, and Chairman National Database and Registration Authority (NADRA) Usman Yousaf Mobin in Islamabad, he said the broadening of tax net would not only lessen the burden on existing taxpayers, but would also enable the government to ensure the provision of education, health and other civic facilities in the country’s far-flung areas.
The prime minister said the government was striving to bring transparency in tax system so that every patriotic citizen could play role in the country’s progress and development.
In the end of September this year, the FBR had announced to extend the date for filing of Income Tax Returns/Statements against the Tax Year 2019 till October 31, 2019.
According to a notification of the FBR, the individuals and associations of persons were allowed to file their tax returns by the end of October.
The companies are also allowed to file their returns by October 31.
On Sept 3, the FBR had asked tax payers to provide all required information about their expenditures in tax returns.
In a statement, the FBR spokesman had asked tax filers to fill details about water expenditures in the column bearing water code number 7059.
The government had repudiated the report published on a local newspaper website about the Federal Board of Revenue (FBR)’s allegedly missing August revenue collection target by Rs50bn.
On Sept 19, the FBR had launched Second Edition of IRIS portal ‘Maloomat.’
In a tweet, FBR Chairman Shabbar Zaidi had said the information contained was indicative. He said the purpose was to disseminate the data already available with the FBR.