- The new electronic form for the tax year 2019 will also be made available with the FBR website after necessary changes made therein.
- The app will facilitate the filing of e-returns and will be available on the Google Play Store; FBR’s official spokesperson Hamid Ateeq.
PTI Government is all up with the taxation reforms and for this, it is striving to increase the tax-net by including the tax evaders into the tax net, by discouraging the cash economy and e-taxation measures to ease the payment criteria and to make the payment of taxes approachable via cellphones and other IT gadgets.
The new economic team of PM Imran Khan has vowed to reduce the black economy as well through action to be taken against the under-invoicing, over-invoicing and against the smuggled goods.
Days ago the Federal Board of Revenue launched a viable alternative for tax payments by which one can pay the taxes through the bank account, internet banking, mobile banking or ATM machines and for now, the tax authority has decided to launch ‘Income Tax Return App,’ by next week to help individuals and businesses file their tax returns.
The new electronic form for the tax year 2019 will also be made available with the FBR website after necessary changes made therein. According to a local media report, the new icon will be made part of Tax Asan Mobile next week. The app will facilitate the filing of e-returns and will be available on the Google Play Store, FBR’s official spokesperson Hamid Ateeq was quoted as saying.
The online tutorials will also be made available for the guidance of tax filers. The spokesperson has further said that a new application will make tax filing handy and less time-consuming, adding that the FBR is drafting new rules to issue licenses to certain individuals for submission of huge e-turns.
Also See: FBR Warns Of Punitive Action Against Under-Invoicing And Smuggled Goods
The incumbent government aspires to meet the target of four million people to be included in the tax net by the end of the current fiscal year. The problem that makes the existing tax reforms is that it hasn’t removed the longstanding skepticism of the overburden of tax collection on the poor of the country.
Several governments have issued different reforms rhetorics including the years back e-returns but the ground implementation of the policies to their full capacity has been a dream in the pipeline.
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