ISLAMABAD: In a historic development, the Federal Board of Revenue (FBR) has taken a watershed initiative to ensure facilitation in filing of tax return by new taxpayers for broadening of tax base by signing a memorandum of understanding with the Pakistan Tax Bar at FBR HQ on Monday (Feb 7), says a press release.

The FBR is all set to launch yet another out-of-the-box digital intervention for broadening of tax base through definite information obtained about non-filers. The FBR has already collected information about assets and expenditures of the persons outside the tax net from various sources. This information shall be made available to persons outside tax net through Tax Asaan Portal.

Under the MoU, Pakistan Tax Bar will share the lists of qualified and willing members of tax bar to file tax return of the new taxpayers.

Copyright Business Recorder, 2022