| FBR promotes e-filing of returns |
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In a brief chat here on Wednesday, he said the FBR had developed a one-page return form in order to facilitate the taxpayers. “It would be mandatory only for the corporate sector to file e-returns this year,” he added.
The non-corporate sector would have the option either to file e-returns or submit manually during the current fiscal year.
There are 1.7 million return filers out of the country’s population of 160 million.
The FBR plans to achieve a 20 per cent growth in the number of return filers during tax year 2007.
Salman Nabi said the FBR received around 13,000 returns from the corporate sector in the last fiscal and expects to achieve desired growth in the current year.
When asked about non-compliance by the corporate sector, he said many companies did not exist, but the FBR continued its efforts to pursue all potential companies to file returns by the due date.
Meanwhile, the first meeting of the Regional Tax Advisory Committee of Medium Taxpayer Unit, Rawalpindi was held on Wednesday. The MTU Rawalpindi caters to the needs of 140,000 taxpayers, out of a population of nine million.
The meeting was chaired by the Director General Regional Tax Office Rawalpindi, Iqbal Muzaffar and attended by representatives of trade bodies of Rawalpindi, Jhelum, Rawalpindi Chamber of Commerce and Industry, Tax Bar Association Rawalpindi and Attock, income tax and sales tax departments, Fauji Fertiliser Company, Attock Oil Company and Pakistan Tobacco Company.
RTO DG Iqbal Muzaffar and Collector Sales Tax Nasir-ud-din Mehboob gave presentations to the committee, followed by discussions on agenda items including filing of returns for tax year 2007 and broadening of tax base.
The members of the committee raised different queries, which were answered by the income tax and sales tax officials.
However, certain unresolved issues were promised to be forwarded to the FBR for its clarification.
The committee members were told that in order to make the filing of returns easier and as a step further in tax facilitation through simplification of business procedures and processes, the FBR had prepared a simplified one-page income tax return form, available on the board’s website www.cbr.gov.pk.
The committee members were urged to convince the people around them to pay their due taxes and file returns by the stipulated date ie September 30.
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