{"id":7179,"date":"2019-10-08T07:05:13","date_gmt":"2019-10-08T02:05:13","guid":{"rendered":"http:\/\/umang.pk\/2019\/10\/over-130000-high-net-worth-individuals-served-tax-notices-newspaper\/"},"modified":"2019-10-08T07:05:13","modified_gmt":"2019-10-08T02:05:13","slug":"over-130000-high-net-worth-individuals-served-tax-notices-newspaper","status":"publish","type":"post","link":"https:\/\/umang.pk\/en_us\/2019\/10\/08\/over-130000-high-net-worth-individuals-served-tax-notices-newspaper\/","title":{"rendered":"Over 130,000 high net-worth individuals served tax notices – Newspaper"},"content":{"rendered":"

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ISLAMABAD: The Federal Revenue Board (FBR) has issued up to 134,848 notices to people with high net worth across the country to convince them to file an electronic income tax return for 2019.<\/p>\n

The notices were issued to persons not registered by the respective dedicated areas of the Tax Base Extension (BTB) created in the Regional Tax Office (RTO) Islamabad, RTO Faisalabad, RTO Rawalpindi, RTO-II and RTO-III Karachi and RTO-II Lahore.<\/p>\n

In addition to these areas, the FBR has also created a range of BTBs in the remaining 13 RTOs to issue notices to unregistered persons. The BTB has been specifically aimed at bringing unregistered individuals to the tax network.<\/p>\n

The acting government has managed to expand the tax base during its first year in the office, as the data showed that around 783,039 new taxpayers filed statements with the tax department as a result of various schemes, including a tax amnesty.<\/p>\n

The BTB has issued the largest number of notices in Lahore. RTO Lahore issued 37,083 notices to unregistered persons. However, the FBR has not compiled compliance data resulting from the issuance of these notices.<\/p>\n

The Rawalpindi RTO has issued the second highest number of notices during the period under review. The BTB office in RTO Rawalpindi issued 21,248 notices so far. Contrary to this, the BTB office in RTO Islamabad has issued 4,600 notices so far, which is well below the real potential.<\/p>\n

The BTB office in Peshawar has issued 15,800 notices to unregistered persons for inclusion in the tax network. After Lahore, Sargodha has emerged as the second city where 15,560 notices were issued to unregistered people.<\/p>\n

In Karachi, the RTO has issued and delivered notices to 10,467 unregistered people. Other data showed that RTO Abbottabad has issued 8,160 notices to unregistered persons. This is the highest number when considering the size of the RTO and its jurisdiction.<\/p>\n

A senior tax official said the FBR is compiling data to assess compliance with these notices with the respective RTO. "The respective RTOs are working to identify how many of them are registered following the notices," he said.<\/p>\n

Other data show that RTO Hyderabad issued 5,198 notices to unregistered persons, followed by 5,795 notices in the city of Sukkur. As part of the extension of the tax base, BTO offices issued 1,422 notices in Bahawalpur, 363 notices in Faisalabad, 476 notices in Gujranwala, 2327 notices in Multan, 2,820 notices in Quetta, 1,777 notices in Sialkot and 1,752 notices in Sahiwal, respectively.<\/p>\n

Total taxpayers in the last year reached 2,561 million compared to 1,514 million the previous year, reflecting an increase of 69.1 percent.<\/p>\n

Posted on Dawn, October 8, 2019<\/em><\/p>\n<\/p><\/div>\n<\/pre>\n<\/pre>\n

Source: https:\/\/www.dawn.com\/news\/1509639\/over-130000-high-net-worth-individuals-served-tax-notices<\/p>","protected":false},"excerpt":{"rendered":"

ISLAMABAD: The Federal Revenue Board (FBR) has issued up to 134,848 notices to people with high net worth across the country to convince them to file an electronic income tax return for 2019. The notices were issued to persons not registered by the respective dedicated areas of the Tax Base Extension (BTB) created in the […]<\/p>\n","protected":false},"author":1,"featured_media":7180,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[11077],"tags":[],"class_list":["post-7179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newspaper"],"_links":{"self":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/7179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/comments?post=7179"}],"version-history":[{"count":0,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/posts\/7179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/media?parent=7179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/categories?post=7179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/umang.pk\/en_us\/wp-json\/wp\/v2\/tags?post=7179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}