Will issue notice­s and then freeze their bank accoun­ts if they do not comply­KARACHI: The Federal Board of Revenue (FBR), which is facing a notable shortfall in revenue collection, has acquired data of over 18,000 potential taxpayers in a bid to enhance the number of direct taxpayers and collect more revenue. In the total receipts, the share of direct tax collection inched down to 37%. The direct tax collection stood at Rs661.6 billion in the first half, displaying a negative growth of 0.3% over the same period of last year. Under its strategy of broadening the tax base, the FBR has instructed tax officers to go after unregistered lawyers and potential taxpayers who pay high school fee for their children but do not pay due taxes. It is also conducting surveys of shopping malls and markets to identify the potential taxpayers.

Source: The Express Tribune March 08, 2019 03:11 UTC