The data includes information about your assets, properties, bank accounts, etc.
FBR is also aware of the travel history of citizens, especially those travelling abroad.
You can know what data FBR has about you and it is very alarming. This data includes all the information such as your personal details, financial strengths, properties and other assets within and outside the country. IT also includes your banking information and other transactional details.
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The FBR took the opportunity to inform citizens on its own that they hold this data. It includes all kind of information on income and expenditures. Most alarmingly, they also have this data about non-filers. Thus, the non-filers cannot hide their assets or oncome anymore. And they may be forced to furnish their income tax returns forcefully through stringent penalties and fines.
Maloomat by FBR
Maloomat by FBR is a tax profiling system. It has a data of 53 million Pakistani citizens. It shares infomration of assets and bank accounts of both filers and non-filers. Moreover, the Maloomat portal is getting regular updates.
FBR suggests that the Pakistani citizens should seek assistance from this data while filing their returns. Though, this information is indicative only. This data includes all the necessary information with FBR only.
One can view their information with FBR through getting to their iris system on FBR website. They can get into the Maloomat Portal by clicking on FBR-taxray. It is to ensure that the citizens know what data is available with the government about their financial transactions.
Last Date for Filing Income Tax in Pakistan
In its message, FBR warns citizens and states: “Can’t hide anymore – Avail Yourself of Last Chance.” This is a clear message to all citizens that they must submit their returns for tax year 2020.
The last date for filing income tax for 2020 was 30 September. However, FBR had to extend this date for ease of citizens. The last date for filing income tax is 8 December 2020 for individuals and corporate entities.