- KTBA President said endorsed structure to refresh citizens’ profiles has not been given so far
- FBR made it compulsory for citizens to refresh their profiles by giving data including ledgers, utility associations, etc.
- It has been made obligatory to refresh the profile by December 31, 2020
KARACHI: With just three days staying to follow the required necessity, the Karachi Tax Bar Association (KTBA) has communicated worries on the postponement in issuance of a structure needed to refresh citizens’ profiles, The News reported on Tuesday.
KTBA President Muhammad Zeeshan Merchant, in a letter shipped off Dr Muhammad Ashfaq Ahmed, Member (Operations), FBR, said the recommended structure to refresh the profile was not given so far.
Merchant said the KTBA had just examined with the FBR that once the structure was given, a time of 90 days would be given to citizens for compliance.
After the expansion of area 114A to Income Tax Ordinance, 2001 through the Finance Act, 2020, the FBR made it compulsory for citizens to refresh their profiles by giving data including financial balances, utility associations, work locales, sort of organizations, etc.
It has been made compulsory to refresh the profiles by December 31, 2020, by the income board.
Read more: FBR serves notification to 832,000 non-filers
Taxpayers are needed to take care of a punishment of Rs2,500 for every day of default from the due date, subject to a base punishment of Rs10,000 according to the statute on inability to refresh the profile.
The FBR gave SRO 1341(I)/2020 on December 16, 2020, to inform draft rules for outfitting citizens’ profiles.
The KTBA featured that since the structure was not given up until now, the FBR ought to rethink the expiry date.
The charge bar asked the FBR to quickly take pressing measures to give the structure at the earliest opportunity and furthermore give appropriate time accessible under the law to refresh the profile, which was at least 90 days.
The bar said this was the privilege of the citizens as well as an authentic need as the defer was not on piece of the taxpayers.