FBR Issues Notices For Asset Declaration to Parents Paying Over 0.2 Million of School Fees

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FBR Issues Notices For Asset Declaration to Parents Paying Over 0.2 Million of School Fees

Parents in Lahore paying more than Rs 200,000 in school fees annually have received letters from the Federal Board of Revenue asking them to declare their hidden assets, mention their source of income and become a filer.

Over 16,000 parents have received the notice. They were given 15 days to respond.

The government is trying to bring the parents of schoolchildren into the tax net.

FBR is planning to majorly expand the tax base as the total number of tax filers is likely to reach five million in the next two years.

“We will take measures to expand the tax base in the upcoming budget and the plan is to involve five million people in the active tax payers list,” FBR’s IR policy member Dr Hamid Atiq Sarwar had said in a media briefing in Islamabad in March.

According to the proposed plan, the total number of tax filers is likely to reach four million till 2020 and then five million till 2021, he said.