[email protected]

FBR Set to Establish 145 New District Tax Offices Nationwide

FBR
Share

The Federal Board of Revenue (FBR) is working to establish 145 new District Tax Offices nationwide. This plan is part of its comprehensive restructuring plan. The approval for this has been granted by the Finance Minister Shamshad Akhtar.

Visit TameerEasy Store to buy Quality Construction Items

This crucial move by FBR aims to encourage more and more people to join the tax net and change their status from non-filers to filers. FBR is optimistic about increasing the tax-to-GDP ratio with this plan. The plan is to add 1.5 to 2 million more people under the tax net.

Inland Revenue Officers of BS-17/18 rank. will dictate all these newly established offices. These officers will be responsible for utilizing third-party data acquired from different departments. They will further help the agencies uncover information about assets and significant expenditures by individuals not under the tax net.

A vital tool in this process will be the enforcement of the recently introduced section 114B in the Income new district Tax Ordinance, 2001. This section empowers the department to take stringent measures. It includes disconnecting utility services (electricity and gas) and blocking mobile SIM cards if individuals fail to comply with issued notices to file returns.

Quick Links

Popular Tags

Please select a taxonomy from the widget query settings

Popular Tags

Please select a taxonomy from the widget query settings
Share

Newsletter Sign Up

Sign up to our weekly newsletter to get the latest news and advice on all aspects of buying, selling, improving and managing property. Plus, get access to exclusive discounts and free tickets to shows.