ISLAMABAD (APP) – The Federal Board of Revenue (FBR) has to collect Rs 2580 billion, which is 14 percent higher than the Rs2255 billion tax collected in the last fiscal year 2013-14.
“We have collected Rs. 2580 billion till June 30, compared to Rs2255 billion collected in the same period of the last fiscal year which is 14 percent higher then previous year”, an official of FBR told APP here on Thursday.
The official said that the revenue collection was mostly hit by the decline in oil and commodity prices on the international market.
“The decline is also the outcome of no collection of sales tax on the two projected revenue spinners,”he added.
He said that 75000 notices have been issued to the non filers of the tax.
He said the FBR will issue for the first time income tax returns form in urdu alongwith english form to facilitate the tax payers.
He 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.
He added that FBR was aiming to issue the notices to those non-compliant persons, who have not returned their tax files, he added.
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.
