{"id":61592,"date":"2020-02-18T14:56:18","date_gmt":"2020-02-18T09:56:18","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61592"},"modified":"2020-02-19T10:53:50","modified_gmt":"2020-02-19T05:53:50","slug":"fbr-amend-law-recover-unpaid-taxes","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-amend-law-recover-unpaid-taxes.html","title":{"rendered":"FBR to amend Income Tax Rules 2002 to recover unpaid taxes"},"content":{"rendered":"\n<p>Karachi: The Federal Board of Revenue (FBR) has proposed an amendment to the Income Tax Rules, 2002 to empower tax authorities to recover unpaid taxes from <a href=\"https:\/\/www.zameen.com\/news\/fbr-proposes-amendments-tax-rules-access-defaulters-lockers.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"banks (opens in a new tab)\">banks<\/a>, employers, tenants and businessmen (on behalf of defaulters) \u2013 according to news sources.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-recovers-billions-in-drive-against-tax-defaulters.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR recovers billions in drive against tax defaulters (opens in a new tab)\">FBR recovers billions in drive against tax defaulters<\/a><\/p>\n\n\n\n<p>With these new rules, the authorities are seeking to recover unpaid taxes from individuals who are holding money for tax defaulters. Under the drafted amendment, the aforementioned individuals in possession of illegal finances will be obligated to remit or pay the required amount through pay orders, online baking transfers or demand drafts to the national treasury. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-decides-to-revisit-pending-cases-of-tax-defaulters.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR decides to revisit pending cases of tax defaulters (opens in a new tab)\">FBR decides to revisit pending cases of tax defaulters<\/a><\/p>\n\n\n\n<p>As per the <a href=\"https:\/\/www.zameen.com\/forum\/discussions\/laws_and_regulations\/what_are_the_new_income_tax_changes_being_introduced_right_now_-32971.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"FBR (opens in a new tab)\">FBR<\/a>\u2019s statutory regulatory order (SRO 111(I)\/2020), if the money is held in a joint account with any person other than the defaulter, the shares of such joint accounts will be presumed to be equal; unless proved contrary. <\/p>\n\n\n\n<p>The draft of the newly proposed\nrules also outlines regulations aimed at providing some relief to taxpayers.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Federal Board of Revenue (FBR) has proposed an amendment to the Income Tax Rules, 2002 to empower tax authorities to recover unpaid taxes from banks, employers, tenants and businessmen (on behalf of defaulters) \u2013 according to news sources. Read: FBR recovers billions in drive against tax defaulters With these new rules, the authorities are seeking to recover unpaid taxes from individuals who are holding money for tax defaulters. Under the drafted amendment, the aforementioned individuals in possession of illegal finances will be obligated to remit or pay the required amount through pay orders, online baking transfers or demand drafts to the national treasury. Read: FBR decides to revisit pending cases of tax defaulters As per the FBR\u2019s statutory regulatory order (SRO 111(I)\/2020), if the money is held in a joint account with any person other than the defaulter, the shares of such joint accounts will be presumed to be equal; unless proved contrary. The draft of the newly proposed rules also outlines regulations aimed at providing some relief to taxpayers.<\/p>\n","protected":false},"author":75,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[19936,19933,19934,19304,17588,19935],"persona":[],"class_list":{"0":"post-61592","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr-policies","9":"tag-fbr-to-amend-income-tax-rules-2002-to-recover-unpaid-taxes","10":"tag-income-tax-rules-2002","11":"tag-legislation-on-tax-laws","12":"tag-tax-evaders","13":"tag-unpaid-taxes","14":"cat-15015-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FBR to amend law to recover unpaid taxes - Zameen News<\/title>\n<meta name=\"description\" content=\"FBR has proposed an amendment to the Income Tax Rules, 2002 to empower tax authorities to recover unpaid taxes from banks, employers, businessmen\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/fbr-amend-law-recover-unpaid-taxes.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR to amend law to recover unpaid taxes - Zameen News\" \/>\n<meta property=\"og:description\" content=\"FBR has proposed an amendment to the Income Tax Rules, 2002 to empower tax authorities to recover unpaid taxes from banks, employers, businessmen\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-amend-law-recover-unpaid-taxes.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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