FBR, Nadra join hands to broaden tax net
ISLAMABAD: In order to broaden of tax base, the Federal Board of Revenue (FBR) and National Database and Registration Authority (Nadra) have constituted a task force for integrating the data for identifying potential tax dodgers.
The Nadra chairman will head the task force while two members from each side will be presented in the body for converting plenty of information base into taxability.
The FBR has been facing a challenge that it possessed databank but it became hard to convert this information for the purpose of taxability.
It requires a lot of spadework and conversion of taxability because every case is unique and going into details could result into imposition of tax. There are enabling laws which can be used for the purpose of data integration for expanding the tax base. Under Section 175B of the Income Tax Ordinance, Nadra would share its records and any information available with the FBR for broadening the tax base.
-
James Van Der Beek's Friends Helped Fund Ranch Purchase Before His Death At 48 -
King Charles ‘very Much’ Wants Andrew To Testify At US Congress -
Rosie O’Donnell Secretly Returned To US To Test Safety -
Meghan Markle, Prince Harry Spotted On Date Night On Valentine’s Day -
King Charles Butler Spills Valentine’s Day Dinner Blunders -
Brooklyn Beckham Hits Back At Gordon Ramsay With Subtle Move Over Remark On His Personal Life -
Meghan Markle Showcases Princess Lilibet Face On Valentine’s Day -
Harry Styles Opens Up About Isolation After One Direction Split -
Shamed Andrew Was ‘face To Face’ With Epstein Files, Mocked For Lying -
Kanye West Projected To Explode Music Charts With 'Bully' After He Apologized Over Antisemitism -
Leighton Meester Reflects On How Valentine’s Day Feels Like Now -
Sarah Ferguson ‘won’t Let Go Without A Fight’ After Royal Exile -
Adam Sandler Makes Brutal Confession: 'I Do Not Love Comedy First' -
'Harry Potter' Star Rupert Grint Shares Where He Stands Politically -
Drama Outside Nancy Guthrie's Home Unfolds Described As 'circus' -
Marco Rubio Sends Message Of Unity To Europe