Islamabad, The Federal Board of Revenue (FBR) in Pakistan is intensifying its efforts to increase the number of tax filers in the country. A multifaceted approach has been announced, which includes issuing notices to non-filers and implementing additional administrative measures to enhance compliance with tax laws.
According to Zameen.com, the FBR has set ambitious targets to expand Pakistan's taxpayer base. The initial phase aims to bring one million individuals into the tax net, with plans to increase this to 1.5 million by 2024. The long-term objective is to have 6.5 million taxpayers by June 30, 2024. This significant expansion is part of a broader strategy to strengthen the country's tax base.
The campaign against non-filers will not only involve sending notices but also enforcing stringent administrative and legal measures to ensure adherence to tax laws. This initiative has received approval from Caretaker Prime Minister Anwar ul Haq Kakar, underscoring the government's commitment to this cause.
The need for such measures is highlighted by the current tax filing statistics. FBR officials point out that only 350,000 individuals have filed tax returns in the current fiscal year, a number that falls significantly short of the potential taxpayer pool. By increasing the number of taxpayers, the FBR aims to contribute to Pakistan's economic stability and growth.