Karachi: The Federal Board of Revenue (FBR) has issued new directives fortax filers.
FBR directed the tax filers to update their profiles, otherwise the saidpersons would be declared as non-filers. The filers will now have to updatetheir contact number, email ID, sources of income, profile, along willbusiness name, address and nature of business.
Further, the tax payers will also have to tell about their utility bills,residential address, bank account IBAN number in the profile.
The name of legal representative, authorized representative and employer tobe also told to FBR.
Sources said that tax filers will have to attach all the mentioneddocuments in the IRIS profile, and those tax-payers who will not update thecorporate profile will be fined Rs10,000.
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According to the report, a four-day surcharge will be levied on a corporatefiler four days after the deadline, and a fine of Rs1,000 will be levied onan individual tax filer.
The FBR has set a March 31 deadline to update IRIS profile.
