FBR has launched automated tax registration system and also sent tax notices to one lakh non-filer individuals in the first batch. Another 1 lakh notices will be sent to those who have undertaken trillions of rupee business transactions.
FBR is utilizing withholding tax database to identify rich individuals. Power distribution companies were asked to update their database to identify actual users because in many case electricity meters were not on the name of existing users. Distribution companies are instructed to update their database in order to ascertain exact level of consumption of individual/companies for the purpose of tax payment.
The FBR will also introduce online Cash Back System for payment of 5 percent paid tax to customers through invoice verification system within next three months.
There are 4000 brand shops of shoes and clothes linked with the FBR system and the FBR was charging 14 percent GST from them out of which, 5 percent would be given back to customers instantly after sharing update on online invoice verification system. He said that the FBR might hire services to go into different markets having scanners who would send invoices into FBR system for paying back amount out of paid taxes.
Automated simplified Sales Tax Registration System has also been launched through which the taxpayer would be able to register on mobile phone or computer but would have to undertake biometric verification at Nadra’s e Saulhat Centers within 30 days of registration in order to avoid its misuse. The FBR would undertake post verification of manufacturing units as for the purpose of registration of sales tax he will have to attach certain documents including bank account, address of business facility, utility bills and photographs of installed machinery at manufacturing units.
FBR would come up with simplified income tax return especially for salaried class next month.
FBR would focus for bringing unregistered persons possessing commercial and industrial connection of utilities and it was aimed at bringing 0.3 to 0.4 million more non-filers into tax net at first stage.