{"id":70346,"date":"2020-09-11T09:53:17","date_gmt":"2020-09-11T04:53:17","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70346"},"modified":"2020-09-11T09:53:20","modified_gmt":"2020-09-11T04:53:20","slug":"fbr-punjab-excise-dept-sign-agreement-curb-tax-evasion","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-punjab-excise-dept-sign-agreement-curb-tax-evasion.html","title":{"rendered":"FBR, Punjab Excise dept sign agreement to curb tax evasion"},"content":{"rendered":"\n<p>Lahore: The Federal Board of Revenue (FBR) and the Punjab Excise &amp; Taxation department have signed an agreement to share \u2018read-only\u2019 tax records online \u2014 with the initiative aimed at making a collaborative effort to curb tax evasion in the country, a news source reported on August 10. The representatives of both agencies are expected to sign a formal agreement during an event in Lahore next week.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/income-tax-law-does-not-permit-sharing-taxpayers-information-with-anyone-fbr.html\" target=\"_blank\" rel=\"noreferrer noopener\">\u2018Income tax law does not permit sharing taxpayers\u2019 information with anyone\u2019: FBR<\/a><\/p>\n\n\n\n<p>Through this agreement, the FBR hopes to nab tax evaders by utilizing the Excise department\u2019s records to check for an individuals\u2019 motor vehicle registration and property tax details. The tax authority is expecting to go through the data available for luxury vehicles and properties in order to compare these records with its own tax payers list to find potential tax evaders.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-announces-tax-year-2020-deadline-filing-returns.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR announces Tax Year 2020 deadline for filing returns<\/a><\/p>\n\n\n\n<p>On the other hand, the Excise department will be able to benefit from the said agreement by identifying individuals who fall within the ambit of the professional tax net, but have failed to pay it so far.<\/p>\n\n\n\n<p>In the next phase, the Excise department plans on requesting for access to the FBR\u2019s one-custom system.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Federal Board of Revenue (FBR) and the Punjab Excise &amp; Taxation department have signed an agreement to share \u2018read-only\u2019 tax records online \u2014 with the initiative aimed at making a collaborative effort to curb tax evasion in the country, a news source reported on August 10. The representatives of both agencies are expected to sign a formal agreement during an event in Lahore next week. Read: \u2018Income tax law does not permit sharing taxpayers\u2019 information with anyone\u2019: FBR Through this agreement, the FBR hopes to nab tax evaders by utilizing the Excise department\u2019s records to check for an individuals\u2019 motor vehicle registration and property tax details. The tax authority is expecting to go through the data available for luxury vehicles and properties in order to compare these records with its own tax payers list to find potential tax evaders. Read: FBR announces Tax Year 2020 deadline for filing returns On the other hand, the Excise department will be able to benefit from the said agreement by identifying individuals who fall within the ambit of the professional tax net, but have failed to pay it so far. In the next phase, the Excise department plans on requesting for access&hellip;<\/p>\n","protected":false},"author":57,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[19230,30666,39162,2036],"persona":[],"class_list":{"0":"post-70346","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-federal-board-of-revenue-fbr","9":"tag-punjab-excise-taxation-et","10":"tag-punjab-excise-dept-sign-agreement-to-curb-tax-evasion","11":"tag-tax-evasion","12":"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, Punjab Excise sign agreement to curb tax evasion - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Federal Board of Revenue (FBR) and the Punjab Excise &amp; 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