Federal
Board of Revenue (FBR) has started contacting country's banks and financial
institutions as part of an outreach programme to boost the filing of Income Tax
returns.
As
part of the initiative, a team of FBR's Facilitation and Taxpayers Education (FATE)
Wing led by Member FATE, FBR, Ms Nausheen Javaid Amjad held an extensive
meeting with Mr. Naeemuddin Khan, President of the Bank of Punjab (BoP) for
seeking his assistance in sensitizing the BoP officers and staff with
taxable income on filing of Income Tax returns.
Ms
Nausheen Javaid Amjad told the BoP's president that FBR had decided to work
closely with the large multinationals and corporations of the country to build
a friendly interface with them and provide them with all assistance and
facilitation in all areas of taxation. She said the large organisations had
done exceedingly well in reporting the salaries paid and the taxes deducted at
source from their employees, and an equal degree of attention was required from
them to motivate their employees with taxable income to file their tax returns
and fulfill an important national obligation.
Ms
Nausheen Amjad also briefed the BoP President on the range of benefits and
advantages which the bank employees could reap after becoming filers, by paying
significantly lower rate of taxes on multiple business and bank transactions
She also offered FBR's help and resources for conducting in-house facilitative
training sessions and workshops in e-filing for the officers and staff of Bank
of Punjab.
Mr.
Naeemuddin Khan, President of the Bank of Punjab, appreciated FBR's initiative
of walking up to the corporate world in what he described as an
"appreciable display of empathy and responsiveness" towards the
taxpayers. He also welcomed FBR's technical support and facilitation in filing
for his bank's employees and assured full cooperation in ensuring maximum
compliance and filing of tax returns by them.
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