ISLAMABAD: Federal Board of Revenue (FBR) has fulfilled another condition of the Financial Action Task Force (FATF) as 22,000 property dealers across the country registered with the FBR.
According to sources, all 22,000 property dealers will provide suspicious information to the FBR. Property dealers will identify suspicious investors, sources added.
Property dealers will report to FBR the money used in money-laundering. Property dealers will also report about black money to the FBR, sources added.
Earlier, Federal Board of Revenue has issued a draft of rules for new Export Facilitation Scheme 2021, and sought comments from industry, exporters and other stakeholders.
The New Export Facilitation Scheme has been approved by federal government and passed by Parliament under Finance Act 2021. This scheme will be implemented from 14th of next month, and will run parallel with existing schemes like Manufacturing Bond, Duty and Tax Remission for Exporters and Export Oriented Schemes for two years.
The existing old schemes would be phased out in next two years and fully replaced by Export Facilitation Scheme-2021.
