FBR not to take direct action: Shaukat Tarin


KARACHI: Federal Minister for Finance and Revenue Shaukat Tarin on Saturday assured the business community that his ministry would review the concerns expressed over an amendment in tax laws through Tax Laws (Third Amendment) Ordinance 2021.

He said that the ministry will look into the possibility of re-examining the terms “non-filer” and “under-filer” in consultation with stakeholders, whereas in the meantime, no one will suffer as the Federal Board of Revenue (FBR) will not take action directly.

Speaking to a delegation of Karachi Chamber of Commerce and Industry (KCCI), Tarin said, “The FBR will share relevant data with chambers of commerce and also upload the same on its website.”

“The government intends to take help of artificial intelligence and assessment will be done through a third party source while an appropriate time of 90 days will be provided to non-taxpayers for settlement,” he added.

Federal Minister for Energy Hammad Azhar, Adviser to PM on Commerce Abdul Razak Dawood, Chairman Federal Board of Revenue Ashfaq Ahmed and other senior officials of Finance Ministry and FBR also accompanied Shaukat Tarin at the meeting.