KARACHI: Federal Board of Revenue (FBR) Chairman Mohammad Jahanzaib Khan on Saturday said that difficult time has started for those having taxable income but still out of tax net.
He was addressing the business community at Karachi Chamber of Commerce and Industry (KCCI).
FBR chairman said that it was difficult to bring change in any organization yet we are ready to bring changes in the FBR. He said that the tax collecting agency should be a facilitator and the business community is our partner. “There is need to boost confidence on tax agency,” he added. He said that the tax collecting agency was ready to reduce sales tax rates as well to broaden the tax net.
The chairman praised the business community for contributing into economic growth and generating employment. He said that if a person made short payment then he should not be treated as tax evader. “And those who are paying taxes should not be worried,” he added.
Jahanzeb admitted that there were difficulties in revenue collection but he said that the FBR would not take any harsh action.
The chairman said that the FBR had immense powers and warned that these powers would be exercised if needed.