In a recent development, the Federal Board of Revenue (FBR) has introduced a comprehensive procedure for individuals seeking to modify their income tax registration due to changes or omissions in their information.
The move aims to facilitate taxpayers in ensuring accurate and up-to-date details associated with their income tax registration.
According to the FBR, individuals can now modify their income tax registration by filing a specific modification form through the IRIS. This modification process becomes imperative when there are alterations or omissions in any information, particulars, data, or documents linked to the individual’s registration.
To initiate the modification, individuals must access Iris and submit the relevant modification form detailing the necessary changes. The FBR has outlined that the Commissioner will play a crucial role in assessing and approving or rejecting the requested modification. This assessment involves a thorough examination of the modification form and may include any necessary inquiries deemed essential by the Commissioner.
The FBR emphasizes the importance of accuracy and transparency in the modification process to ensure that the tax registration system remains reliable and reflective of the current financial status of the individual. This move is expected to contribute to a more efficient and accountable tax collection system.
Once the modification form is submitted, the Commissioner will diligently review the details and make a decision based on the provided information. If the modification is approved, the updated particulars will be incorporated into the individual’s income tax registration. On the other hand, if the Commissioner refuses the modification request, the individual is not left without recourse.
In the event of a refusal, individuals have the option to file a representation before the Chief Commissioner within thirty (30) days of the decision regarding the modification. This step allows individuals to present their case and provide additional information or clarification that may address any concerns raised by the Commissioner during the initial assessment.
The Chief Commissioner, in turn, will carefully evaluate the merits of the representation filed and make a decision accordingly. This additional layer of review ensures fairness and provides individuals with an opportunity to rectify any misunderstandings or discrepancies that may have arisen during the modification process.
The streamlined process for modifying income tax registration reflects the FBR’s commitment to transparency and efficiency in tax administration. By allowing individuals to easily update their information and address any discrepancies, the FBR aims to create a more responsive and taxpayer-friendly environment.
The procedure for modifying income tax registration offers a systematic and accessible way for individuals to ensure the accuracy of their tax-related information. With a clear framework in place, the FBR aims to enhance compliance and maintain the integrity of the income tax registration system.
