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FBR chief advises taxpayers to file returns within time

FBR chief advises taxpayers to file returns within time
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Muhammad Ashfaq Ahmed , Chairman Dr Muhammad Ashfaq Ahmed , Single Identifier Number , Alternate Delivery Channel , Export Facilitation Scheme , Finance Act , Tax Asaan , Tax Aasaan , Federal Board , Customs Rules ,

Single Identifier Number for all domestic taxes launched


Single Identifier Number for all domestic taxes launched
July 29, 2021
ISLAMABAD: The Federal Board of Revenue (FBR) has launched a Single Identifier Number for all domestic taxes by harmonizing Income Tax, Sales Tax and Federal Excise Duty. Under this initiative, a taxpayer can use all applications under the Income Tax, Sales Tax and Federal Excise duty by mere use of CNIC if a taxpayer is an individual.
In case of partnership firms and companies, the National Tax Number (NTN) shall be the common tax identifier number. In this manner, the Sales Tax, Income Tax and Federal Excise law have been harmonized. This is an important step towards ease of doing business and will substantially improve Pakistan’s rating on this count. ....

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