FBR seeks to lure retailers

Federal Board of Revenue offers simple one-page income tax return form after failure of amnesty scheme

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ISLAMABAD:

After failing to rope in traders despite giving multiple tax amnesty schemes in the past five years, the Federal Board of Revenue (FBR) has now decided to lure traders by offering them a simple one-page income tax return form.

The tax machinery’s sheer failure to expand the tax net can be gauged from the fact that as of June 2018 there were less than 84,000 wholesale dealers and retailers in 14 major cities who filed income tax returns, showed the federal cabinet documents that the FBR submitted last week.

In these 14 cities, the FBR has massive human resources presence.

What should be a matter of grave concern to Prime Minister Imran Khan was that the number of wholesale dealers and retailers who filed annual income tax returns for the fiscal year 2017-18 was less in Karachi than in Lahore.

Read more: https://tribune.com.pk/story/2263325/fbr-seeks-to-lure-retailers

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