As part of restructuring measures, Federal Board of Revenue has established 145 District Tax Offices which will focus on bringing 1.5 to 2 million new taxpayers into the tax net till June, 2024. Federal Board of Revenue on November 17, 2023, notified the establishment of these offices, a new initiative that will help broadening the tax base and ultimately raising tax-to-GDP ratio to a desired level.These offices would be headed by District Tax Officers entrusted with the responsibility of enforcing Income Tax Returns from non-filers and stop filers.Establishment of these offices heralds a new chapter that would expand tax net to fill a critical tax gap on the path to bring all potential taxpayers into the tax net. These new offices would be headed by dedicated Inland Revenue Officers in BS-17/18 which would obtain and utilize third party data acquired from multiple departments and agencies that hold critical information regarding investment in assets and incurring of huge expenditures by potential taxpayers who till now have managed to escape and stay away from the taxation system including registration and filing of tax returns. The initiative would not only strengthen FBR capacity to enforce tax laws but will also facilitate taxpayers in filing tax returns by establishing dedicated offices. https://shorturl.at/kpzJQ
Source: IBP