ISLAMABAD: The Federal Board of Revenue (FBR) has started a project to develop a database in order to make possible the utilization of the Computerized National Identity Card (CNIC) number as the national tax number (NTN) and it would be completed in December this year.
Official sources said that the FBR was working on this project with the coordination of the Nadra and other departments concerned.
After the completion of the database, the FBR will be able to keep an eye on every business-related activity as the CNIC is used everywhere from bank transactions to foreign tours and sale and purchase of property.
This database would also help the FBR in scrutinising the data of tax return filers, especially those who are filing returns through self-introductory system but are paying no taxes
It is important to mention here that it was announced in Finance Bill 2015-16 that CNIC number will be treated as NTN but it was not elaborated in depth.
