FBR plans to un­veil new scheme for af­flu­ent non-fil­ers of tax

The Pak Banker - - Front Page -

IS­LAM­ABAD

The Fed­eral Board of Rev­enue (FBR) is con­sid­er­ing to launch a new scheme for af­flu­ent non-fil­ers of tax and other tax evaders pro­vid­ing them an op­por­tu­nity to pay their due taxes and bring them un­der the tax net regime and en­hance rev­enues for the pros­per­ity of the coun­try.

"We are con­sid­er­ing to launch a new scheme called "Tax reg­is­tra­tion in­puts with en­force­ment ini­tia­tive" in or­der to bring about 4 mil­lion af­flu­ent peo­ple who were not fil­ing their tax re­turns and did not pay tax to the gov­ern­ment", As­rar Raouf Se­nior Mem­ber In­land Rev­enue and Spokesman of FBR told jour­nal­ists at an in­for­mal chat here at the FBR House on Fri­day.

Se­nior mem­bers of the FBR were also present on the oc­ca­sion. " This is not an amnesty scheme for the non tax pay­ers only we are giv­ing them an op­por­tu­nity to come un­der the tax net regime by fil­ing their re­turns and pay their due taxes to the gov­ern­ment for the pros­per­ity of the coun­try", Raouf said. He warned that any non-filer and evader of the tax who did not take ben­e­fit from the op­por­tu­nity and continue to evade taxes, their Com­put­er­ized Na­tional Iden­tity Card (CNIC) would be can­celled and they would not be able to do any busi­ness or travel abroad. In this re­gard the new scheme would be placed be­fore the Par­lia­ment for ap­proval. As­rar Raouf ex­pressed the hope that af­ter in­tro­duc­ing this new scheme FBR would be able to col­lect an ad­di­tional amount of Rs.96 bil­lion for the coun­try.He fur­ther in­formed the jour­nal­ists that tax col­lec­tion ra­tio has been in­creased by 11 per­cent dur­ing the four months of the cur­rent fi­nan­cial year and re­al­ized Rs.559 bil­lion.

He added that in the month of Oc­to­ber of the cur­rent fi­nan­cial year Rs.140 bil­lion have been col­lected against the col­lec­tion of Rs.126 bil­lion in the same pe­riod. He added that due to strikes in Karachi a loss of Rs.5 bil­lion to 6 bil­lion is in­curred to na­tional kitty. He added that so far 1.5 mil­lion tax­pay­ers have filed their tax re­turns while the num­ber should be more than 5 mil­lion.

The Se­nior Mem­ber In­land Rev­enue said that the scheme of Reg­is­tra­tion in­puts with en­force­ment ini­tia­tives"is not a new idea as this scheme has been im­ple­mented in the many coun­tries like USA, Spain, Aus­tralia and Greek etc and ben­e­fit­ted a lot from the scheme. Re­ply­ing to a ques­tion, he clar­i­fied that by in­tro­duc­ing this scheme gov­ern­ment is not whiten­ing the black money but pro­vid­ing the busi­ness­men and af­flu­ent peo­ple who had not been fil­ing their re­turns for the past 65 years and did not pay taxes to the gov­ern­ment. Through this scheme these peo­ple would be brought un­der the tax regime and en­hance the rev­enues for the pros­per­ity of the coun­try. He also stressed the need for elim­i­nat­ing Hundi sys­tem of trans­fer­ring money which is caus­ing losses to rev­enue col­lec­tion of the coun­try.

"We have a record of 3.8 to 4 mil­lion rich peo­ple who are pos­sess­ing as­sets, pay­ing huge school/ univer­sity fees for their chil­dren, trav­el­ling abroad many time, hav­ing dual ac­counts and did not pay taxes to the gov­ern­ment for the past 65 years and we will give them an op­por­tu­nity to pay their due taxes to avoid any fur­ther le­gal ac­tion and come un­der the tax regime", he re­marked.

He added that FBR is sub­or­di­nate or­ga­ni­za­tion of the Min­istry of Fi­nance and with­out ap­proval of the Min­istry no de­ci­sion is taken by the FBR. As­rar Raouf fur­ther said that tax poli­cies are home grown and not dic­tated by any­one and In­ter­na­tional Mone­tary Fund is also will­ing to im­pose and re­cover taxes from the af­flu­ent peo­ple who were not pay­ing their due taxes.

He also dis­pelled the im­pres­sion that gov­ern­ment would not be able to present its bud­get with­out fi­nan­cial sup­port of the fund. Re­ply­ing to an­other ques­tion, he said that ac­tion has been started against il­le­gal and non cus­tom paid ve­hi­cles and these are be­ing im­pounded on daily ba­sis.

He ex­pressed that hope that an ad­di­tional amount of Rs. 30 bil­lion would be col­lected through ac­tion against il­le­gal ve­hi­cles. He added that there is no scheme un­der con­sid­er­a­tion for the reg­is­tra­tion of il­le­gal ve­hi­cles.

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