ISLAMABAD: Senate Standing Committee on Finance, Revenue and Economic Affairs here on Thursday was informed by the Federal Board of Revenue (FBR) that government has achieved its revenue targets of first nine months of current financial year (2015-16).
Briefing the committee, Chairman FBR, Nisar Mohammad Khan said that it was historic achievement and first time in country’s economic history that revenue target was not revised.
In past it was common practice that revenue targets were revised down ward twice in financial year but this time government has achieved its fixed revenue targets of last 9 months and it was also optimistic to collect the revenue targets fixed for current fiscal year, he added.
He informed the committee that FBR has served notices to 300,000 potential tax payers which were identified by the data of their visit abroad, school fee and purchasing of luxury cars.
So far about 113,000 has filed their tax returns and it was also striving hard to enhance the cost of non-filers in order to expanding the tax base as well as to improve the tax compliance culture.
He informed the committee that about one million people were filing their tax returns adding the government was working to enhance direct taxation and it was enhanced from 30 percent to 40 percent.
FBR has also devised a mechanism in order to swift dispute resolution and ratio of complaints were also came down form 17,000 to 12,000, he added.
Besides, he said that FBR was also working on budget suggestion for the federal budget 2016-17 to remove the legal obstacles to facilitate the tax payers.
He said the recommendation of the committee was implemented its letter and spirit and computerized national identity card was declared as national tax number.
The committee recommended the FBR to device a mechanism to enforce people to file their tax returns in order to improve tax compliance culture as well as to expend its base.
It also recommended the for reducing sales tax on locally manufacture powder milk to encourage the local industry for flourishing the industry.
Meanwhile, Secretary Benazir Income Support Programme informed the committee that it would extend education facility for 2 million children under its “Waseel a Haq Proramme”.
He said that BISP was also conducting survey to obtain new data and it would be completed by 2017.He informed that about 700 mobile SIMS were blocked on deceptive massages.