FBR’s Latest Move Sparks Concern Among Non-Taxpayers

ایف بی آر کے تازہ اقدام سے ٹیکس نہ دینے والوں میں تشویش

Are you prepared to face the consequences of not disclosing your assets and income to FBR?

The Federal Board of Revenue (FBR) has recently signed data sharing agreements with the Board of Revenue Sindh and the Board of Revenue Balochistan. The purpose of these agreements is to share digital data including information on land/property ownership and agricultural income. The signing of these agreements aligns with the government’s vision to enhance efficiency and transparency in the tax collection system and promote digital integration. The agreements were signed on April 19, 2023, and April 28, 2023, respectively.

Through these agreements, the two organizations will exchange specified digital data to help improve tax collection activities in their respective areas. The Member (R&S), Board of Revenue Syed Ahmed Ali Shah signed the agreement on behalf of the Sindh government in Karachi, while Senior Member Board of Revenue Balochistan Roshan Ali Shaikh signed the other agreement in Quetta. FBR was represented by Member (IT), Abdul Majid Yousfani in both agreements.

The agreements aim to develop integrated IT-based platforms to allow for automated exchange of data in the future. FBR has been consistently making efforts to acquire third-party data by linking its IT systems with different provincial departments and other organizations. This is in order to broaden the tax base and enhance transparency in the tax collection system. To this end, agreements have already been signed with provincial excise and taxation departments and development authorities, from where valuable data is being acquired. However, despite these efforts, FBR suffered a shortfall of over Rs. 100 billion in tax collection in April.

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With the recent data sharing agreements between the Federal Board of Revenue and provincial Boards of Revenue, non-taxpayers are at risk of facing severe consequences for undisclosed assets and income. Don’t let this happen to you! Take advantage of our tax filing and financial services to become a compliant taxpayer and avoid potential legal action.

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