Nadra To Share Information To FBR
Nadra to Share Information to FBR amendments vide Section 175B & 216: The Amendment Ordinance has introduced a new Section 175B whereby NADRA can share any information with FBR for the Broadening of tax base. This is knowingly one of the most awaited measure FBR was longing to have been taken by the government.
It is believed in certain quarters that this amendment in law will bring in a wealth of information of hundreds of thousands of potential taxpayers in the country to FBR, who have so far not been on its radar and have been successful to dodge out of the tax net.
On the other hand, clause (kb) under section 216 has been omitted, which allowed the FBR to share information with NADRA. Hence, it appears to be a one-sided affair as only NADRA is expected to provide information to FBR whereas FBR has been now barred to provide taxpayer information to NADRA.
Certain amendments through third amendment ordinance and this Ordinance shall be called the Tax Laws (Third Amendment) Ordinance, 2021.
For more information on FBR’s new regulations / circulars/ SROs/ amendments in taxation laws in Pakistan please visit https://www.fbr.gov.pk/