Government Plan to bring affluent in tax net- Federal Board of Revenue (FBR) has finalised a comprehensive plan to bring affluent people in the tax net in a countrywide tax broadening drive to be launched from July 1, a tax official told Dawn.
The proposed target for bringing rich people in the tax net for the next fiscal year is 500,000 persons, who would be traced on the basis of financial transactions and data collected from NADRA.
Income tax return filers fell to less than 800,000 in tax year 2012, showing that less than 0.5pc of the...