It is learnt that a meeting was held between FBR and NADRA on Wednesday on creation of mathematical models and data analytics for broadening of tax base.
Sources said that the NADRA after getting data from the FBR estimated about tax gap of Rs 950 billion on account of short filers and non- filers by conducting its own analysis on the basis of consumption patterns of people.
The agenda of the meeting stated that NADRA initiated work on the development of an Enterprise Grade Solution that would facilitate collection of tax from the potential evaders and short filers identified through the tax net broadening exercise conducted by NADRA using advance analytical and regression models.
The agenda of the meeting included nine points such as creation of mathematical model and application of data analytics, identification of tax evaders and short filers, profiling of identified assets and expenses patterns on individual basis, developing and hoisting of an exclusive enterprise grade website enabled with secured login, development of payment voucher system and integration with banks, online report sharing with FBR and concerned authorities, real time integration with IRIS FBR to launch solution for developing and launching of exclusive Amnesty Scheme by FBR and the signing of services contract between NADRA and FBR where FBR shall be the owner of exercise and NADRA shall be act as technical implementation agency. The action has been taken by issuance of Asset Declaration Ordinance 2019.
FBR and NADRA had signed Memorandum of Understanding (MoU) during the tenure of former Chairman FBR Mohammad Jehanzeb Khan in which both the departments agreed to join hands for sharing data with the purpose to broaden tax base. The FBR shared its data gathered through different avenues with the NADRA. Now the NADRA on the basis of this data computed its own analysis and presented its findings before the Prime Minister for doing its own analysis of tax gap and estimated gap standing in the range of Rs 950 billion.
To a query, sources said that so far over 500 people availed this amnesty scheme and paid Rs 450 million tax into national exchequer. On PC's ID there were declaration showing Rs 3.5 billion who might avail this scheme, they added.