- The Federal Board of Revenue (FBR) now has real-time access to information and databases under the Sales Tax Act, 1990.
- The FBR can obtain information from government agencies and organizations to streamline tax enforcement.
- The FBR can access information from NADRA, FIA, Bureau of Emigration and Overseas Employment, land record and development authorities, and excise and taxation departments.
- The FBR can track financial activities linked to cross-border movements and access land-related information for taxation purposes.
- Electricity suppliers and gas companies are required to provide consumer information for monitoring financial transactions.
- The FBR can notify other agencies to provide necessary data.
- The FBR is responsible for creating the necessary infrastructure for real-time access to information.
- Information received is strictly for tax purposes and must be kept confidential.
- This shift is expected to enhance tax enforcement, reduce tax evasion, and create a more transparent taxation system in Pakistan.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
