Trouble time starts for tax evaders, warns FBR chief

ISLAMABAD: Chairman Federal Board of Revenue (FBR) Muhammad Jahanzeb Khan on Saturday said trouble time has begun for tax evaders, ARY News reported.

“Just pay the due tax so that you do not have to face any predicament,” Muhammad Jahanzeb Khan said in a statement.

He said if tax net was expanded then ratio of sales tax could also be reduced.

Eulogising the business community, he said the business community ran the economy as well as it provided employments. He said if somebody has paid less tax, he should not be regarded as a thief but he should be given a chance.

Read More: FBR extends deadline of filing of income tax returns by March 31

The FBR chief said the institute was facing troubles in meeting the revenue target. However, he said, despite all the difficulties, the FBR would not take harassing measures.

He asked the Karachi Chamber of Commerce and Industry (KCCI) to give suggestions for budget of next financial year.

Jahanzeb Khan said suggestions would be focused even on declaration of assets.

The FBR has extended the deadline of filing of income tax returns and statements for the tax year 2018 until March 31.

According to a press release issued by FBR, the decision had been taken on demand of various trade bodies, organizations and other taxpayers.

All those individuals who had not yet filed their tax returns, had been urged to take advantage of this extension.