Summary FBR is Rs100 billion well behind the set revenue target.
ISLAMABAD (Daily Dunya) - Federal Board of Revenue (FBR) is mulling to take stern measures to meet the tax revenue target for FY 2016-17.
FBR is Rs100 billion well behind the set revenue target.
Sources privy to development revealed finance ministry has issued directives to FBR officials aimed at forceful collection of tax from business community by deploying legal technicities such as income tax ordinance and sales tax act. FBR has failed in displaying remarkable performance during first nine months of ongoing fiscal year.
According to details available, FBR will use section-38, section-38A and section-40B to collect tax forcefully from traders. Likewise, FBR is pondering forceful collection under guise of withholding tax by using section-161 of income tax ordinance against traders having turnover of Rs50 million or more.
Being aware of all developments, business community has decided to launch stern protest against these likely measures.
