FBR Targets Over 50 Big Companies To Boost Filing of Tax Returns
1 week ago
Federal Board of Revenue (FBR) has compiled a list of over 50 large corporations, financial institutions and companies to approach them within the next few days.
The tax authority will ask their top managements including accounts and tax departments to explain how a majority of their employees with taxable income are failing to fulfill a national obligation by not filing their Income Tax returns.
This action is a part of FBR’s extensive drive to boost the filing of Income Tax returns by reaching out to large public and private sector organisations and companies, facilitating their employees with taxable income to file their tax returns.
A team of FBR’s Facilitation and Taxpayers Education (FATE) Wing led by Member FATE, FBR, Ms Nausheen Javaid Amjad and assisted by Chief FATE Ms. Tehmina Aamer visited the offices of large organisations headquartered in Islamabad and sought their help and support in motivating their employees to file their tax returns.
As part of this initiative launched today, FBR’s team led by Member FATE met the Managing Director of Oil and Gas Development Company Limited (OGDCL) and presidents of Zarai Taraqiati Bank Limited (ZTBL) and Askari Bank Limited to apprise them of a keen desire within FBR to work with these organisations to provide them with all possible assistance and facilitation to convert their non-filing employees into filers.
Ms Nausheen Javaid Amjad said FBR was cognizant of the fact that large organisations and companies were ably fulfilling their responsibility of reporting salary paid and taxes withheld from their employees. However, there was a need for their top management now to step in and support FBR by emphasizing the importance of filing tax return to their employees and assuring necessary facilitation in this regard.
She said FBR is willing to conduct in-house facilitative training sessions and workshops in e-filing for their officers and staff of these organisations to help them file their Income Tax returns without any hassle. She said the filing of returns could result in potential advantages to the employees and save them from paying higher differential rate of taxes introduced for the filers and non-filers.
The MD of OGDCL and presidents of ZTBL and Askari Bank respectively appreciated the FBR’s efforts for broadening of tax base and welcomed its technical support and facilitation in e-filing for their employees. They assured their full cooperation in ensuring maximum compliance and filing of tax returns by their employees.