{"id":70368,"date":"2020-09-12T10:00:00","date_gmt":"2020-09-12T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70368"},"modified":"2020-09-11T16:08:41","modified_gmt":"2020-09-11T11:08:41","slug":"fbr-advanced-sales-tax-registration-verification-mechanism","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-advanced-sales-tax-registration-verification-mechanism.html","title":{"rendered":"FBR introduces advanced mechanism for verification process of sales tax registration"},"content":{"rendered":"\n<p>Islamabad: The Federal Board of Revenue (FBR) has introduced an advanced sales tax registration verification mechanism, according to a news source. The body has introduced this provision to reduce the prevalence of fraudulent or paper-based companies.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-sales-tax-portal-cover-most-documented-sectors-first-phase.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR\u2019s sales tax portal to cover most-documented sectors in first phase<\/a><\/p>\n\n\n\n<p>The FBR policy board has meticulously vetted this mechanism under the leadership of its Chairman, Finance Adviser Dr Abdul Hafeez Shaikh. It reviewed the mechanism, along with other measures, to determine that they would facilitate taxpayers.<\/p>\n\n\n\n<p>Under this advanced mechanism, officers equipped with tablets will be dispatched to capture real-time information and pictures of businesses undergoing the verification process. This includes tracing their GPS coordinates.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fbr-mulls-legal-technical-changes-in-sales-tax-regime.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR mulls legal, technical changes in sales tax regime<\/a><\/p>\n\n\n\n<p>During this review meeting, the board also discussed the details of how the data collected from this process will be shared with 12 other organisations. Shaikh also emphasised on the need to establish a link between the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/fbr-retailers-show-sales-tax-separately-price-tags-menu-cards.html\" target=\"_blank\">FBR <\/a>and the National Database Regulatory Authority (NADRA) for data sharing and analysis purposes. In addition, he designated a subgroup to present a report on all the hurdles impeding the progress of this plan. This subgroup comprises Hammad Azhar, Dr. Ishrat Hussain, Faiza Kamoka, and the chairmen of both NADRA and the FBR.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Federal Board of Revenue (FBR) has introduced an advanced sales tax registration verification mechanism, according to a news source. The body has introduced this provision to reduce the prevalence of fraudulent or paper-based companies. Read: FBR\u2019s sales tax portal to cover most-documented sectors in first phase The FBR policy board has meticulously vetted this mechanism under the leadership of its Chairman, Finance Adviser Dr Abdul Hafeez Shaikh. It reviewed the mechanism, along with other measures, to determine that they would facilitate taxpayers. Under this advanced mechanism, officers equipped with tablets will be dispatched to capture real-time information and pictures of businesses undergoing the verification process. This includes tracing their GPS coordinates. Read: FBR mulls legal, technical changes in sales tax regime During this review meeting, the board also discussed the details of how the data collected from this process will be shared with 12 other organisations. Shaikh also emphasised on the need to establish a link between the FBR and the National Database Regulatory Authority (NADRA) for data sharing and analysis purposes. In addition, he designated a subgroup to present a report on all the hurdles impeding the progress of this plan. This subgroup comprises Hammad Azhar, Dr.&hellip;<\/p>\n","protected":false},"author":58,"featured_media":61403,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015],"tags":[3362,18032],"persona":[],"class_list":{"0":"post-70368","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"tag-fbr","9":"tag-fbr-sales-tax","10":"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 introduces advanced sales tax verification system - Zameen News<\/title>\n<meta name=\"description\" content=\"The FBR has introduced an advanced mechanism for the sales tax verification process. 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