Federal Board of Revenue to Issue Notices to 100,000 Non-Filers
- Federal Board of Revenue has decided to issue a notice to 100,000 non-filers.
- The non-filers will now be brought into the tax net – Says Chairman FBR.
- No withholding tax would be implemented on motorcycles and rickshaws – Says Chairman FBR.
Chairman of the Federal Board of Revenue (FBR) Shabbar Zaidi said that the board will send notices to around 100,000 non-filers.
According to the reports, the notices will be sent to all those who own a house bigger than 500 yards or an above 1000cc vehicle.
While speaking to media, the chairman FBR said that the non-filers will be brought to the tax net and the date for filing taxes has been extended for two months so that maximum people could file taxes.
Earlier, the board refuted speculation pertaining to impose a heavy withholding tax on motorcycles or rickshaws.
There were rumors surfacing that the FBR had implemented a withholding tax on the registration of motorcycles and rickshaws, hiking up bikes’ registration cost by Rs.3,400 to Rs.20,900.
Later in a statement, the Federal Board of Revenue clarified that no withholding tax would be implemented on either motorcycles or rickshaws.
Chairman FBR urged people to benefit from this opportunity and file their tax returns timely to avoid difficulties. He also stressed that return filing is compulsory under the income tax ordinance.
“FBR will definitely issue notices to all those people who are required to file returns under the Income Tax Ordinance,” he said.
The board has already collected data of about 8-10million individuals who own a house larger than 500 yards or a vehicle over 1,000cc and bank accounts across the country. The collected data will be used for the issuance of notices.
As per the planned strategy, the Federal Board of Revenue will send the notices electronically on the available email address and cell number.