The Federal Board of Revenue (FBR) has launched a new digital system granting tax officers real-time access to income and sales tax data of registered taxpayers, aiming to enhance tax assessments and promote compliance.
Announced on Friday, the Stock Register system is part of FBR’s ongoing digital transformation and is accessible via the Information Center 2.0 platform.
This innovative system centralizes taxpayer information, giving officers a detailed view of income and sales tax records, stock levels, transaction details, and valuations. It also includes integrated data from sales tax annexures, customs records, and withholding agents’ reports, all designed to improve the accuracy of assessments and reduce tax evasion.
With advanced search capabilities through FBR’s IRIS platform, tax officers can quickly retrieve data and assess discrepancies in taxpayer filings, allowing for more effective monitoring.
