Friday , November 27 2020
Breaking News
Home / Breaking News / FBR fails in issuing tax cards
FBR fails in issuing tax cards

FBR fails in issuing tax cards

ISLAMABAD: The Federal Board of Revenue (FBR) has failed in meeting the deadline of September 15 for the issuance of 0.850 million tax cards to tax payers.

The tax cards were scheduled to be provided at the doorsteps of those taxpayers by mid-September who had filed their tax returns by 2013 and tax cards will have validity up to March, 2015.

The said tax cards will replace the tax numbers and will be renewed every year and will be issued by first of March each year to a person who meets the criteria. Moreover, the validity of taxpayer card will be one year, beginning on the date of issue and ending on the last day of February.

Well placed source told Customs Today that the need to issue cards was felt after the introduction of tax incentives for the return filers and government decided to issue taxpayer cards to return filers and publish active taxpayers list on a regular basis in an attempt to encourage documentation in the country.

In the case of the returns filed after December 31, taxpayer card will be issued within 60 days of the filing of return. Moreover, a person shall be issued taxpayer card if he/she has filed a return under section 114 or a statement under section 115 for the tax year.