However, the FBR had launched same scheme for broadening of tax base under the IMF programme for three years under the PML-N-led regime but had failed to achieve the desired results in a big way. “Without verifying health of the data, the broadening of tax base cannot be achieved through unreliable data. FBR Member Inland Revenue Service (IRS) Policy who also holds portfolio of Spokesman Dr Iqbal, he said on Monday that the FBR had started sending tax notices to 10,000 high worth individuals after analysing data from withholding taxes. When asked about reasons of failure of broadening of such scheme in the past, he said that this scheme was not failed one as it helped achieving broadening of tax base when the FBR sent out tax notices with the help of data. “But this scheme was stopped due to unknown reasons in the past otherwise it could have helped bringing many more into tax net so far,” he added.

Source: Pakistan Today January 02, 2018 06:11 UTC