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Tax returns could be filed using CNIC number from next Fiscal Year: Dar

Tax returns could be filed using CNIC number from next Fiscal Year: Dar

ISLAMABAD: Minister for Finance and Economic Affairs Ishaq Dar said in a news conference in Islamabad on Saturday that National Tax Number (NTN) will not be mandatory for the tax payers from the next fiscal year. He said that individuals will be able to file tax returns using National Identity Card Numbers. Dar said that the individuals who do not have CNIC due to not attaining the prescribed age will continue to use NTN numbers to file tax returns. He said that the Export Refinance Scheme that stood at 9.4 percent will be reduced to six per cent from tomorrow and the Long Term Finance Facility will also be reduced to 7.5 per cent from tomorrow. He said that the Federal Board of Revenue collected 1162.4 billion Rupees during the first six months of the current fiscal year, the budget deficit stood at two point three percent during the last six months against the target of 4.9 percent for the current year.