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Around 100 MPs fails to submit income tax returns for FY 2017-18
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Around 100 MPs fails to submit income tax returns for FY 2017-18

ISLAMABAD:  At least 100 members of the parliaments failed to submit their income tax returns for the tax year 2017 ended on June 2018 it is learnt here.

Official sources told Customs Today that Federal Board of Revenue (FBR) has prepared the draft for the Fifth Tax Directory for Parliamentarians’ and after the approval of Ministry of Finance the board will forward the Tax Directory to Federal Cabinet for approval.

As per official sources the actions of public representatives in any democracy serve as an example for its citizens. Likewise, tax compliance by parliamentarians plays an important role in promoting a culture of tax compliance in any country and in order to fulfill its commitment to transparency and accountability, the government published a tax directory of parliamentarians.

Sources told that certain parliamentarians, whose have share income as Members of Associations of Persons. Since, Association of Persons pay tax as a separate entity, such share is not taxable in the hands of the Members are also identified in the tax directory.

Meanwhile sources added there were 120 parliamentarians who didn’t submitted income tax returns in for the tax years 2016 and 2015 collectively.