ISLAMABAD, Chairman Federal Board of Revenue, Tariq Bajwa on Tuesday informed the Sub-Committee of the Public Accounts Committee that steps are being taken to identify methods of hidden economy in the country and to curb it.
Giving briefing to the sub-committee held under the Chairmanship of Sardar Ashiq Gopang, Chairman FBR said that hidden economy has big share in the economy and added that people don’t want to give tax to the government.
He said that FBR is collecting data of those people who don’t file tax returns, from their expenditures patron including purchase of vehicles, foreign travelling record, fee of children and electricity bills if it is more than Rs 2, 00,000 and Rs 50,000 respectively.
FBR was also issuing more than Rs 1, 00,000 notices after identifying non tax filers through this way and collecting money for national exchequer, he added.
Tariq Bajwa further stated that Parliament passed the law under 565(A) under which banks would be bound to provide information about more than Rs one million transaction of the citizens.
This law was challenged in Lahore High Court but fortunately FBR won the case from court.
However,the petitioner filed Intra Court Appeal (ICA) against the decision of the single bench.
To this,the Chairman Sub-Committee of the PAC, Sardar Ashiq Gopang, said that FBR should get direct access to the bank for smooth system of tax collection.
He also asked the Chairman FBR to evolve a mechanism of thumbs impression for ensuring staff attendance in all over the country and for making efficient performance of the FBR.
Chairman replied that thumbs impression system was installed in headquarter and soon it would be placed in all offices of the FBR.
PAC sub Committee also reviewed the audit paras of the Pakistan International Airline for the fiscal year of 2005-06 and expressed displeasure on the theft of two multimedia gadgets, and directed the Secretary Aviation to hold an inquiry and take action against responsible officials.