PTBA demands date extension for taxpayers profile update

PTBA demands date extension for taxpayers profile update

ISLAMABAD: Pakistan Tax Bar Association (PTBA) on Friday urged the Federal Board of Revenue (FBR) to extend the last date for updating taxpayers’ profile for further 90 days.

The PTBA in a letter to FBR Chairman Muhammad Javed Ghani informed that the last date for updating taxpayers’ profile under section 214 of Income Tax Ordinance, 2001 it was made compulsory for the taxpayers to update their profile electronically containing various information such as bank account, utilities etc. Furthermore, failure to file the prescribed form will also trigger the penal provisions as well as exclusion of the taxpayer from ATL list.

The PTBA pointed out that due to sudden surge in COVID-19 patients and lockdown by the federal and provincial governments, the tax consultants/taxpayers are unable to complete and submit their profiles till March 31, 2021 and furthermore around 2.5 million taxpayers across the country are in same process at same time which is not possible in IRIS system.

The tax bar urged the FBR chairman to issue necessary directives to the concerned department for providing relief to taxpayers.

Furthermore, till such time, the time limit for updating the profile under the provisions of Section 114A of the Ordinance, date should be extended for 90 days up to June 30, 2021 by using the powers granted under the Ordinance.

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