Tag: FBR

Unregistered doctors become FBR’s next target

The Federal Board of Revenue (FBR) has decided to include unregistered doctors into tax net, in order to broaden the tax base. FBR has given Pakistan Medical and Dental Council (PMDC) to submit details of its members within 10 days. Most doctors registered with PMDC are not filing their tax returns, despite it being mandatory requirement by the board.

FBR launches online FBR Tax Profiling System

An online FBR Tax Profiling System has been introduced by the new FBR chief Shabbar Zaidi. With a fee of Rs500, citizens can check their tax profile. The system will enable 53 million people to check their bank details, properties, utility bills and travel history data, on basis of their computerised national identity card (CNIC) and cell phone number.

Concealment of offshore assets to be punishable by 7 years in jail

The government, in order tighten the grip around offshore tax-evaders, have proposed that concealment of offshore assets worth above Rs100,000 would be deemed an offence punishable with imprisonment up to seven years or fine up to 200% of tax evaded amount or both. Names of individuals, who have evaded tax worth above Rs. 2.5m, will also be published in media.