AGL 37.91 Decreased By ▼ -0.11 (-0.29%)
AIRLINK 214.02 Increased By ▲ 16.66 (8.44%)
BOP 9.77 Increased By ▲ 0.23 (2.41%)
CNERGY 6.87 Increased By ▲ 0.96 (16.24%)
DCL 9.18 Increased By ▲ 0.36 (4.08%)
DFML 39.15 Increased By ▲ 3.41 (9.54%)
DGKC 100.13 Increased By ▲ 3.27 (3.38%)
FCCL 36.60 Increased By ▲ 1.35 (3.83%)
FFBL 88.94 Increased By ▲ 6.64 (8.07%)
FFL 14.49 Increased By ▲ 1.32 (10.02%)
HUBC 133.80 Increased By ▲ 6.25 (4.9%)
HUMNL 13.65 Increased By ▲ 0.15 (1.11%)
KEL 5.68 Increased By ▲ 0.36 (6.77%)
KOSM 7.34 Increased By ▲ 0.34 (4.86%)
MLCF 45.60 Increased By ▲ 0.90 (2.01%)
NBP 61.00 Decreased By ▼ -0.42 (-0.68%)
OGDC 232.11 Increased By ▲ 17.44 (8.12%)
PAEL 40.75 Increased By ▲ 1.96 (5.05%)
PIBTL 8.60 Increased By ▲ 0.35 (4.24%)
PPL 202.50 Increased By ▲ 9.42 (4.88%)
PRL 41.30 Increased By ▲ 2.64 (6.83%)
PTC 28.30 Increased By ▲ 2.50 (9.69%)
SEARL 108.40 Increased By ▲ 4.80 (4.63%)
TELE 8.73 Increased By ▲ 0.43 (5.18%)
TOMCL 35.76 Increased By ▲ 0.76 (2.17%)
TPLP 13.80 Increased By ▲ 0.50 (3.76%)
TREET 24.38 Increased By ▲ 2.22 (10.02%)
TRG 61.15 Increased By ▲ 5.56 (10%)
UNITY 34.81 Increased By ▲ 1.84 (5.58%)
WTL 1.73 Increased By ▲ 0.13 (8.13%)
BR100 12,221 Increased By 494.3 (4.22%)
BR30 38,261 Increased By 1884.9 (5.18%)
KSE100 113,832 Increased By 4318.6 (3.94%)
KSE30 35,987 Increased By 1473.9 (4.27%)

The Federal Board on Revenue (FBR) has clarified that the taxpayers' record is not kept at either at the FBR Library or Directorate General of Training & Research at Lahore. The taxpayers record is maintained at the records rooms of concerned Regional Tax Offices / Large Taxpayers' Units or in FBR database.
Moreover, Section 216 of the Income Tax Ordinance 2001 grants confidentiality to the taxpayer record and prohibits its disclosure. There are very specific circumstances listed in section 216 where taxpayers' record can be disclosed. It was through specific permission granted by the Federal Government under Sub-sections (5) and (6) of Section 216 that the Parliamentarians' Tax Directory and Taxpayers' Directory of all the taxpayers were published by the Federal Board of Revenue.
In view of the above legal position it is not possible for any officer of FBR to disclose the contents of the record of taxpayers to any person not authorised such access by section 216 of the Income Tax Ordinance, 2001. Federal Board on Revenue (FBR) has clarified a news item captioned "No record of ruling elite's tax history with FBR" and published in a section of the press.
In the news report, it has been stated that the correspondent tried to locate tax record of certain taxpayers in Federal Board of Revenue (HQ) Library and at Directorate General of Training & Research at Lahore but the tax record was not available at either place.-PR

Copyright Business Recorder, 2015

Comments

Comments are closed.