Goto

Collaborating Authors

 nadra


FBR provided 14m records of transactions of non-filers over to Nadra

#artificialintelligence

ISLAMABAD: A meeting on broadening of tax base was informed that the Federal Board of Revenue (FBR) has provided 14 million records of financial transactions of citizens to the National Database and Registration Authority (NADRA) to compute indicative income and tax liability of non-filers by use of artificial intelligence. The meeting was presided over by Adviser to the Prime Minister on Finance Shaukat Tarin on Monday. The FBR chairman and his team gave a detailed presentation on the progress on readiness for potential taxpayer outreach initiative to boost the revenue growth and resource mobilisation. The FBR chairman apprised the adviser that steps have been initiated for compilation of data, with the support of the NADRA, which would be available to potential and current taxpayers in a presentable and comprehensible manner through a web portal. According to Business Recorder, the 14 million financial records included property transactions, vehicle purchases, registration of cars with provincial excise departments, buying/selling of movable and immovable properties, utility bills, foreign travels, and other heavy expenditures.