FBR directs 145 organisations to integrate economic information with RADAR system


FBR

ISLAMABAD: The Federal Board of Revenue has directed 145 public and private organisations to integrate all economic transaction information with a real-time accessed data analysis repository (RADAR) system by January 15, 2024.

The document states that the tax department has directed 145 public and private organizations to provide real-time access to information databases relating to economic transactions as carried out by any person with the or reported to the said integrated organization not later than January 15, 2024.


The real-time accessed data analysis repository (RADAR) means a Common Transmission System or IT platform specifically designed, installed, and integrated by the Board with the IT platform of the integrated organization for real-time access to information and database.

Until real-time access to information and database is made available, such information and data shall be provided periodically in such form, manner, and by such date as may be specified by the Board through instructions on a case-to-case basis.

Every integrated organization that is required to furnish information as specified in this chapter shall provide true, correct, authenticated, and complete information.

The organiSations included Accountant General Pakistan Revenues,
Altemative Energy Development Board, Aviation Division, Board of Investment,  Controller General of Accounts, Economic A flairs Division, Employees’ Old-Age Benefits Institution, Engineering Development Board, Federal Employees Benevolent and Group Insurance Fund, Finance Division, Military Accountant General, Rawalpindi, Military Lands & Cantonment Headquarters, Rawalpindi, Ministry of Energy (Power Division), Ministry of Foreign Affairs, Ministrv of Maritime Affairs, Ministry of Commerce and Textile, National Logistics Cell (NLC), National Transmission & Dispatch Company (NTDC),  Oil & Gas Development Company Limited (OGDCL), Oil & Gas Regulatory Authority (OGRA), Pakistan Agricultural Research Council, Pakistan Centre for Philanthropy (PCP), Pakistan Council of Scientific and Industrial Research, Pakistan National Shipping Corporation, Pakistan Railway Headquarters, Lahore, Pakistan Software Export Board (PSEB),  Pakistan Water & Power Development Authority,  Petroleum Division,  Private Power and Infrastructure Board (PPIB), Registrar of Ships & Superintendent of Light Houses, Securities & Exchange Commission of Pakistan (SECP), State Bank of Pakistan (SBP) ,Pakistan Medical and Dental Council (PMDC), Capital Development Authority (CDA) Islamabad, Excise and Taxation Department, Islamabad, Pakistan Engineering Council (PEC), Higher Education Commission, Mari Petroleum Ltd,  Federal Investigation Agency (FIA) and Integrated Boarder Management System, Evacuee Trust, Central Depository Company, Discount & guarantee houses, Federal Govemment Housing Authorities, Ministry of Industries and Production, Overseas Pakistani Foundation, Pakistan Council of Scientific and Industrial Research, Pakistan Stock Exchange, Pakistan National Accreditation Council (PNAC), Section 42 Companies (SECP) and all NPOs, Karachi Cotton Exchange and FWO.

The department also included Accountant General, Balochistan, AG KPK, AG Punjab, AG Sindh, Board of Revenue, Balochistan, BoR KPK, BoR Punjab, BoR Sindh, Sindh Revenue Board, PRA, Khyber Pakhtunkhwa Revenue Authority (KPRA),  Balochistan Revenue Authority, Directorate of Postal Accounts Lahore, Finance Department, Balochistan,  KPK, Punjab, Sindh, Provincial Mines & Mineral Development Departments, Provincial Sports Boards, Social Security institutions, Provincial Building Control Authorities, Provincial Registration Departments, Provincial Development Authorities, Industrial Development Board (IDB), Forest Development Corporation (FDC) KP, Board of Intermediate & Secondary Education (BISE) and Provincial Cane Commissioners.

The financial institutions included Asset Management / Mutual Funds Institutions, Commercial Banks, Microfinance Banks, Development Financial Institutions (DFIs), Real Estate Investment Trusts (REITs), Insurance Companies, National Investment Trust Limited, Pakistan Mortgage Refinance Company Limited,  Pakistan Stock Exchange, Pension Funds (registered under Voluntary Pension System), Private pension funds and trusts (registered with FBR),  Provident Fund Institutions (those registered under Provident
Fund Act 1925), House Finance Companies, Investment Banks, Micro-finance Banks (Easy Paisa, Jazz Cash etc.),  Modaraba companies, National Clearing Company of Pakistan Limited, NIFT & RTGS, Non-Banking Financial Companies (NBFCs), Payment Aggregators, Payment Service Providers (PSPs) & Payment Service Operators (PSOs), Remittance Gateways (SBP Licensed),
Agha Khan Development Network, Association of Builders and Developers (ABAD), All Bahria Town Private Limited Companies, Cooperative Housing Societies, All Defense Housing Authorities (DHAs), Airforce Housing Societies, Navy Housing Societies, China Overseas Ports Holding Company (Pakistan) Pvt. Ltd, Gwadar Free Zone Company (GFZC), Habib Rafiq (Pvt.) Limited, Pakistan Film Producers Association, Pakistan Science Foundation, Pakistan Software Houses Association,  Shipping Companies, Zedem International (Pvt.) Limited, Future Developments Holdings (Prt.) Limited, Emaar Pakistan, Al Ghurair Giga Pakistan (Pvt.) Limited,  Lakhra Coal Development Company Sindh,  Sindh Engro Coal Mining Company,  Engro Power Generation Company,  Pakistan Bar Council & Associations, Provincial & District Bar Associations, FPCCI, Provincial and Local Chamber of Commerce and Industries, Capital Market (Brokerage houses), Development Finance Institutions, Exchange Companies (SBP Licensed),  All Housing Societies, Infrastructure Service Providers (PTA Licensed), Leasing companies,  Local Loop License Holders (PTA Licensed), Toll Plazas/Motorway (NHA gave contract to One Net etc.) and  Venture capital companies.

Read more: FBR extends income tax return filing date for non-filer officers by Dec 6

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