FBR realizes Rs 1,575 bln tax revenues till March 31: FBR


ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs. 1575 billion till March 31, which is 16 percent higher than the tax collected in the same period of the preceding fiscal year.

“We have collected Rs. 1575 billion till March 31, compared to Rs.1354 billion collected in the same period of the last fiscal year which is 16 percent higher then previous year”, Shahid Hussain Asad Member Inland Revenue Policy and Spokesperson of the FBR told APP here.

To a question, he said that this years 0.9 million taxpayers have filed their tax returns.
Shahid Hussain Asad also disclosed that 75000 notices have been issued to the non filers of the tax.

He express the hope that the tax revenue target of Rs.2475 billions for current financial (2013-14) would be achieved if the current ratio of 16 percent increase in the tax revenue continues.

Spokesman of Federal Board of Revenue (FBR) Shahid Hussain Asad said that the government is committed to broadening the tax net for strengthening of the national economy and to enhance tax to GDP ratio in the country.

Shahid Hussain Asad said that FBR was aiming to issue the notices to those non-compliant persons, who have not returned their tax files, he added.

The FBR Spokesman said the government directed all Chief Commissioners of the regional tax office to accelerate their efforts in the broadening of tax base for the prosperity of the country.

Replying to a question, he said that Prime Minister Muhammad Nawaz Sharif had announced the tax incentive package for non tax payers and they were  given special relaxations in tax returns.

He expressed the hope that the business community would have benefitted from these facilities extended by the government and it should have filed tax returns for economic growth and stability of the country.

APP

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