Salaried Individuals Not Required to Update Tax Profiles: FBR
The Federal Board of Revenue (FBR) has issued a legal clarification that the ‘salaried individuals’ are not required to update their ‘Tax Profiles’.
According to an FBR clarification issued to the Lahore-based chartered accountant firm, the Salaried Individuals are not required to update their Tax Profile. However, every person applying for registration under section 181 of the Income Tax Ordinance 2001, including Salaried Individual, is required to update the Tax Profile.
The option to verify changes has been given in Tax Profile for submission of changes made in the Profile, FBR maintained.
The e-intermediaries have been enabled to update the Tax Profiles of Taxpayers. However, e-intermediary needs to be nominated by Taxpayer to update the Tax Profile, FBR added.