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Tax evaders’ data will be provided to FBR: Miftah

ISLAMABAD: Advisor to Prime Minister on Finance Miftah Ismail on Sunday said the data of tax evaders identified through National Database and Registration Authority will be provided to Federal Board of Revenue within 30 days.

“The decision has been taken to broaden the tax net and lessen the burden on existing tax payers,” he said while talking to a news channel.

To a query, he said 1.2 million people were paying tax and that the number will increase in coming days.

Earlier on Saturday, Miftah Ismail chaired a meeting to review the proposal regarding launching of Overseas Pakistanis Savings Certificate (OPSC) by National Savings (NS) to non-resident Pakistanis.

Director General NS Zafar Masud briefed the adviser about the progress made on the OPSCs. He informed that necessary regulatory and legal due diligence have already been completed by the NS Consultant Consortium (EY Ford Rhodes, Haidermota BNR & Co and Al Tamimi & Co).

Read More: Tax evaders will have to face the law: Dar

He also briefed about the salient feature of the OPSCs, particularly eligibility, cost and investment limits for the proposed certificate.

Tentative timeline for launching the proposed product was also discussed in detail keeping in view the ideal economic scenario complimenting the product launch.

The adviser finance appreciated the progress made by the National Savings in this regard and directed to make all possible efforts to launch OPSCs by May-2018. Senior officials of the Ministry of Finance and National Savings along with consultant (EY Rords Rhodes) attended the meeting.

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