The Federal Board of Revenue (FBR) Friday urged citizens to stay aware of their financial transactions, stating that the board holds records of all major financial activities.
The FBR emphasized that nobody can remain out of sight anymore, and it is essential for citizens to fulfill their national obligation and conduct businesses transparently by staying on the tax roll.
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In a statement, the FBR advised citizens to enroll themselves in the Malomaat portal, which allows them to access information about their tax and financial records held by the board. The data available on the portal is from third-party and in-house sources, including information provided by taxpayers through various statements and declarations, as well as withholding data available in the e-payment system.
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The Malomaat portal provides data under different headings, such as withholding data, properties, vehicles, frequent traveling, debit and credit transactions, and educational expenses. FBR has plans to introduce further tabs in the future as it is gradually connecting its data warehouse with important departments and organizations that record significant financial transactions.
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The FBR has stated that the information available on the Malomaat portal is continuously updated and refreshed from third-party and in-house data sources. The board has also displayed third-party data regarding existing taxpayers under a menu in their IRIS login, enabling them to access and compare it with their declarations.
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The FBR has urged citizens to enroll themselves in the Malomaat portal through an easy process detailed on the portal’s homepage. The board has strongly encouraged all citizens to access the available information about them to fulfill their national obligation and conduct businesses transparently, bringing all citizens who are liable to file their tax returns on the tax roll.
