FBR to stop issuing notices to taxpayers from July 1: Tarin dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
The Federal Board of Revenue (FBR) has been barred from issuing notices to the taxpayers who are able to perform self-assessments. The order was issued by
FBR barred from issuing notices to taxpayers from July; no DLTL
Business
June 4, 2021
KARACHI: The government has barred the Federal Board of Revenue (FBR) from issuing notices from next fiscal year with the taxpayers enabled to carry out self-assessment, finance minister said on Thursday.
Finance Minister Shaukat Tarin said only 4 to 5 percent of the cases will be forwarded to audit that will be done by third party instead of the FBR.
“I want to remove harassment by FBR,” Tarin said addressing an online meeting with the office bearers Karachi Chamber of Commerce and Industry. “We have agreed upon universal tax self-assessment and the audits by third party only.”