Pakistan: Taxpayer’s Profile

The FBR has notified new rule 34B for taxpayers to update their tax profile through SRO 13(I)/2021 dated January 08, 2021. 

A taxpayer can update or file his/her tax profile electronically on the prescribed format on IRIS web portal (a dedicated web portal for filing tax statements and applications). 

Following is the text of Section 114A: 

Section 114A: Taxpayer’s profile 

(1) Subject to this Ordinance, the following persons shall furnish a profile, namely:- 

     (a) every person applying for registration under section 181; 

     (b) every person deriving income chargeable to tax under the head, “Income from business”; 

     (c) every person whose income is subject to final taxation; 

     (d) any non-profit organization as defined in clause (36) of section 2;

     (e) any trust or welfare institution; or 

     (f) any other person prescribed by the Board. 

(2) A taxpayer’s profile- 

     (a) shall be in the prescribed form and shall be accompanied by such annexures, statements or documents as may be prescribed; 

    (b) shall fully state, in the specified form and manner, the relevant particulars of – 

1. bank accounts; 
2. utility connections; 
3. business premises including all manufacturing, storage or retail outlets operated or leased by the taxpayer; 
4. types of businesses; and 
5. such other information as may be prescribed; 

     (c) shall be signed by the person being an individual, or the person’s representative where section 172 applies; and 

     (d) shall be filed electronically on the web prescribed by the Board. 

(3) A taxpayer’s profile shall be furnished,- 

     (a) on or before the 31st day of December, 2020 in case of a person registered under section 181 before the 30th day of September, 2020; and 

     (b) within ninety days registration in case of a person not registered under section 181 before the 30th day of September, 2020. 

(4) A taxpayer’s profile shall be updated within ninety days of change in any of the relevant particulars of information as mentioned in clause (b) of subsection (2). 

The FBR on December 30, 2020 extended the last date for updating taxpayers profile up to March 31, 2021.

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