ISLAMABAD: With the aim to minimise cross-jurisdiction input tax frauds and false declarations, the Federal Board of Revenue (FBR) has circulated the draft of the “Authorisation of Data Sharing” to seek monthly revenue data from the Sindh Revenue Board (SRB), Punjab Revenue Authority (PRA), Khyber Pakhtunkhawa Revenue Authority (KPRA) and Balochistan Revenue Authority (BRA).
Under the draft, the FBR will have full access to monthly returns data of the provincial revenue authorities, so that cross-jurisdiction input tax frauds and false declarations could be prevented through verification of input tax claims. The draft would also resolve disputes relating to reconciliation of cross-jurisdiction between the tax authorities.
As per the draft of the “Authorisation of Data Sharing” issued by the FBR, “in the spirit of mutual cooperation between the Federal and Provincial tax administrations with the objective of preventing tax frauds and false declarations SRB/PRA/KPRA/ BRA is pleased to authorise FBR to have full access to the monthly return data as available with PRAL for the purpose of verifying the input tax claimed by the buyer in the return tiled with FBR with the supplies data filed with this administration and verifying credit/deductions claimed by a registered person against debit/credit notes as well as against tax withheld by the buyer in the return filed with FBR with the relevant data in the returns filed with this administration”.
