IMF wants FBR to bring over 20 million Pakistanis into tax net in five years

To broaden the tax base, the Federal Board of Revenue (FBR) has outlined its five-year objectives to the International Monetary Fund (IMF), sources reveal.

The FBR aims to include over 20 million individuals in the tax net over the next five years, as per the IMF’s requirements.

To meet this goal, the FBR plans to register 3.72 million people and 23,500 associations of persons within the current year. Additionally, more than 9,500 companies will be incorporated into the tax system during this financial year.

For the following fiscal year, the FBR’s target is to add 3.91 million individuals, associations, and companies to its records. By FY27, the board aims to enrol 4.1 million non-filers, with a further increase to 4.31 million individuals by FY28.

The goal for the 2028-29 financial year is to incorporate 4.525 million people into the tax net.

Sources indicate that the IMF has insisted on the strict implementation of this plan, starting from the current financial year.