The Federal Board of Revenue (FBR) has proposed further amendments to the Income Tax Rules, 2002, and Sales Tax Rules, 2006, introducing significant digital compliance requirements for both individual taxpayers and retailers, 24NewsHD TV reported on Tuesday.
According to an official notification, the FBR has proposed an amendment to Rule 73, sub-rule (2DD) of the Income Tax Rules, 2002, making electronic filing mandatory for individual taxpayers.
Under the proposal, income tax returns and withholding statements will now be filed exclusively through the online system.
The FBR has invited public feedback, suggestions, and objections within seven days of the notification’s issuance.
In a separate move, the FBR has also made integration with its digital system compulsory for retailers.
Retailers paying annual withholding tax of Rs100,000 or more will now be required to integrate their business systems with the FBR’s point-of-sale (POS) infrastructure.
Furthermore, the notification states that retailers paying up to Rs500,000 in withholding tax annually will also be brought into this integration framework in a phased manner.
The integration process will be carried out under Section 43A of the Sales Tax Act, 1990, as part of the government’s broader drive to promote transparency and digitalization in the tax collection process.
Reporter: Waqas Azeem