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FBR Updates NTN Registration Requirements - Printable Version +- Tax Talks (https://forums.taxationpk.com) +-- Forum: Regional Taxation (https://forums.taxationpk.com/forum-regional-taxation) +--- Forum: Federal Taxation (https://forums.taxationpk.com/forum-federal-taxation) +--- Thread: FBR Updates NTN Registration Requirements (/topic-fbr-updates-ntn-registration-requirements) |
FBR Updates NTN Registration Requirements - TaxationPk - 12-03-2024 FBR Updates NTN Registration Requirements Only Registered SIM Numbers AllowedThe Federal Board of Revenue (FBR) has implemented a new requirement for obtaining a National Tax Number (NTN). Effective immediately, only SIM cards registered under the subscriber’s CNIC can be used to create a new NTN. This change aims to enhance security and prevent fraudulent activities. Previously, individuals could use any SIM card to register for an NTN. However, the FBR has recognized the potential for misuse and has taken steps to address this issue. Impact on Taxpayers:
Tax Aasan App Anomaly:It has been reported that the Tax Aasan app is still allowing users to register for NTNs using non-registered SIM cards. This discrepancy needs to be addressed to ensure compliance with the FBR’s new regulations. Importance of NTN:An NTN is a crucial identification number for taxpayers in Pakistan. It is required for various financial transactions, including filing income tax returns, purchasing property, and conducting business activities. Recommendations:
The FBR’s decision to tighten NTN registration requirements is a step towards improving tax compliance and preventing fraudulent activities. Taxpayers are urged to be aware of these changes and take necessary steps to ensure their compliance. https://taxationpk.com/fbr-updates-ntn-registration-requirements/ |