ISLAMABAD: The Federal Board of Revenue (FBR) Tuesday issued a stern warning to non-filers of income tax returns that citizens of Pakistan now cannot hide their assets, income and expenditures from the FBR.
The FBR has further warned non-filers that the last date for filing of income tax returns was extended up to December 8, 2020, and they cannot hide their income, assets and expenditures from the FBR.
The FBR has informed all citizens that the FBR has information of all kinds of assets, income and expenditures of persons not filing their income tax returns, and now non-filers cannot hide their assets and income.
The 2nd Edition of 'IRIS' portal 'Maloomat' (tax profiling system), containing data of 53 million citizens, giving access to the filers and non-filers to the information about their assets and bank accounts.
The FBR IRIS portal 'Maloomat' is being regularly updated.
All persons filing returns for 2020 are suggested to seek assistance.
The information is indicative and represents the data, inter alia, available at the FBR, sources said.
According to a message to all citizens of the country, the FBR stated that the FBR has acquired vital information about income and expenditure of filers and non-filers. The FBR has further informed the citizens that every citizen can view such information by clicking on FBR-taxray.
Three options are available: Return filer but not declaring any taxable income click for declaring correct facts; NTN holder not filing return as required under law click for filing tax return and unregistered paying withholding tax click for registration and filing tax return.
In June 2019, the FBR and National Database and Registration Authority (Nadra) launched "Tax Profiling System." Both filers and non-filers have been allowed to do asset inquiry by accessing the Nadra website or the FBR portal being launched.
The online FBR tax profiling system has enabled 53 million people to check their bank details, properties, utility bills, and travel history data.
The objective is to facilitate citizens to know about their data available with the government and make corrections accordingly. This data containing information about lavished lifestyle of people, expensive wealth, huge expenditure and the undeclared information, can be used for assessment purposes. The data is spread over two portals; Nadra and FBR websites. It contains information about bank accounts, properties, travel history, utilities, etc, of 53 million citizens. Anyone can access one's own data to check one's details. The FBR Tax Profiling System allows the citizens to view their profile created by correlating their data from multiple data sources of assets, expenses and life styles available with the government of Pakistan.
Copyright Business Recorder, 2020
Comments
Comments are closed for this article.