Pakistan's Federal Board of Revenue has issued a release on the operation of certain measures of the Finance Act 2020, including new taxpayer profile requirements and agreed assessment procedures.
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TAXPAYER'S PROFILE
Complexity of return forms is an embodiment of the complexity of tax law. Nevertheless, there is a dire need to simplify return forms without compromising on data required to verify accuracy of the declared version.
Instead of endeavouring to obtain all the relevant info…