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The Central Board of Revenue has prepared a new plan that would target new one million assessees to bring into tax net within the next three years.
A complete computer programme of four items including international travels, cars, 250-yard plot house and telephone bills has been prepared which would offer details for the new taxpayers, sources told Business Recorder.
This data is associated with national identity card number, which would be used to feed in the computer and to trace the untaxed high-income individuals.
CBR Chairman Abdullah Yusaf at a press conference said that as the economy would grow the tax collection would expand simultaneously.
He said that there is a time lag for higher than expected GDP growth to be also seen into tax collection. This growth would help increase revenue for next years, he said.
The targeted growth was 5.3 percent for 2003-04 with a tax target of Rs 510 billion. However, at the end of the year the collection is the same but the GDP growth has gone much beyond the target.
He said that the redundant staff of CBR after extension in the large, medium and small taxpayer units, which would deal most of the taxpayers, would be placed on the new assessees to be found in new system.

Copyright Business Recorder, 2004

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