The Federal Board of Revenue (FBR) has sought bank record of citizens doing transactions worth millions of rupees over the last five years, said sources. They said the step has been taken to broaden the tax base and brining the unregistered persons under the tax net. Accordingly, all the banks have been asked through a letter to provide names, account numbers and details of transactions during 2013-2017.
The sources said the broadening of tax base zone of the FBR has so far received record of 15 unregistered filthy rich citizens involved in making transactions ranging between Rs50 million to Rs750 million. They said appropriate action would be taken against the non-filers besides putting them in the tax net. The government has recently announced a tax amnesty scheme, providing the opportunity to whiten black money after paying a minimum tax. The objective is to broaden tax base by facilitating the unregistered ones.
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