{"id":80817,"date":"2021-10-23T09:46:00","date_gmt":"2021-10-23T04:46:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80817"},"modified":"2021-10-22T16:51:46","modified_gmt":"2021-10-22T11:51:46","slug":"fbr-to-withdraw-bank-account-attachment-notification","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/fbr-to-withdraw-bank-account-attachment-notification.html","title":{"rendered":"Senate committee asks FBR to withdraw bank account attachment notification"},"content":{"rendered":"\n<p>Islamabad: The Senate Standing Committee on Finance has asked the Federal Board of Revenue (FBR) to withdraw its instructions to <a href=\"https:\/\/www.zameen.com\/news\/fbr-to-freeze-non-taxpayers-bank-accounts.html\" target=\"_blank\" rel=\"noreferrer noopener\">block bank accounts<\/a> of tax defaulters without prior notice, news sources reported.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-45-increase-income-tax-returns-2021.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR registered a 45% increase in income tax returns in 2021<\/a><\/p>\n\n\n\n<p>The committee headed by Senator Talha Mahmood asked the board to withdraw the new instructions as they were deemed against the promotion of tax culture measures.\u00a0 According to these instructions given by the FBR on October 12, the board is no longer obligated to give 24-hour notice before blocking the defaulters\u2019 bank accounts.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/fbr-ask-retailers-to-mention-cash-discounts-on-invoices.html\" target=\"_blank\" rel=\"noreferrer noopener\">FBR ask retailers to mention cash discounts on sales tax invoices<\/a><\/p>\n\n\n\n<p>Additionally, the committee also addressed the subject of obligatory corporation tax payment using the digital payment system. It has been claimed that the approach will wreak havoc on the tax payment system because many firms are unfamiliar with it. In response, FBR members informed the committee that the action was taken to recover taxes that would not have been recoverable otherwise. To promote collaboration, the committee directed the board not to send out frequent alerts to companies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Senate Standing Committee on Finance has asked the Federal Board of Revenue (FBR) to withdraw its instructions to block bank accounts of tax defaulters without prior notice, news sources reported. Read: FBR registered a 45% increase in income tax returns in 2021 The committee headed by Senator Talha Mahmood asked the board to withdraw the new instructions as they were deemed against the promotion of tax culture measures.\u00a0 According to these instructions given by the FBR on October 12, the board is no longer obligated to give 24-hour notice before blocking the defaulters\u2019 bank accounts. Read: FBR ask retailers to mention cash discounts on sales tax invoices Additionally, the committee also addressed the subject of obligatory corporation tax payment using the digital payment system. It has been claimed that the approach will wreak havoc on the tax payment system because many firms are unfamiliar with it. In response, FBR members informed the committee that the action was taken to recover taxes that would not have been recoverable otherwise. To promote collaboration, the committee directed the board not to send out frequent alerts to companies.<\/p>\n","protected":false},"author":75,"featured_media":75334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15015,15016],"tags":[19230,49057],"persona":[],"class_list":{"0":"post-80817","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-legal-taxation","8":"category-new-developments","9":"tag-federal-board-of-revenue-fbr","10":"tag-senate-committee-asks-fbr-to-withdraw-bank-account-attachment-notification","11":"cat-15015-id","12":"cat-15016-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 asked to withdraw bank account attachment condition - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Senate Standing Committee on Finance has asked the Federal Board of Revenue (FBR) to withdraw its instructions to block bank accounts of\" \/>\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-to-withdraw-bank-account-attachment-notification.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FBR asked to withdraw bank account attachment condition - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Senate Standing Committee on Finance has asked the Federal Board of Revenue (FBR) to withdraw its instructions to block bank accounts of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/fbr-to-withdraw-bank-account-attachment-notification.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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