NAB, NADRA get access to tax data under new ordinance

ISLAMABAD: President Dr. Arif Alvi has promulgated a new ordinance giving the National Accountability Bureau (NAB) and National Database and Registration Authority (NADRA) access to the data of taxpayers.

Under the Tax Laws (Third Amendment) Ordinance 2021, the Federal Board of Revenue (FBR) has been given powers to disconnect the mobile phone and power connections of the non-filers of tax returns.

Besides, the non-filers could also be deprived of banking facilities. The new law stipulates a punishment of one-year imprisonment and an Rs0.5 million fine for persons who provide wrong information to evade tax.

The ordinance empowers the anti-corruption watchdog to reopen two-decade-old transactions. Moreover, it has also been given access to offshore tax data the Organisation for Economic Cooperation and Development (OECD) shares with Pakistan.

The government has imposed a 35% additional income tax on the electricity bills of non-filer professionals.

The ordinance is aimed to broaden the tax base of the country. TF Report