NADRA FBR Verification Portal

Introduction:

NADRA FBR verification portal is an initiative taken by the Government of Pakistan for the convenience of citizens. Declared Assets are important aspects of a strong economic system while preventing money laundering.

The Tax filling and assets declaration is an important duty to perform being a responsible citizen of Pakistan. This blog will educate you about all the important information about the NADRA FBR portal.

NADRA Organization:

The National Database and Registration Authority (NADRA) is an organization working under the Interior Secretary. The organization regulates the sensitive and private information about all the citizens of Pakistan.

Mr. Tariq Malik is the current chairperson of this organization. Nadra is one of Pakistan’s biggest working organizations with a workforce of 18,000 individuals and 800 domestic offices, and five international offices.

FBR Organization:

The Federal Board of Revenue (FBR) is Pakistan’s federal law enforcement agency. The FBR organization was formerly known as the Central Board of Revenue. The Law enforcement agency investigates tax crimes, suspicious wealth accumulation, and money laundering.

The law enforcement agency has been working in the country since July 1, 1950, and Dr. Muhammad Ashfaq Ahmad is the current chairperson of FBR. FBR is another very important organization with a workforce of 21,500 people.

NADRA FBR Tax Profiling System:

The NADRA FBR tax profiling system is an initiative taken by the Government of Pakistan to make tax filing easy and accessible for everyone in the country. The Federal authorities, NADRA have provided a verification where anyone can check their assets with the FBR asset check portal.

Type of NADRA FBR Portal:

Following are the types of NADRA FBR Portal:

• FBR Tax Profiling System
• FBR Assets Inquiry System (FBR Maloomat)

FBR Tax Profiling System:

FBR tax profiling system was introduced to Pakistan’s citizens to make tax filing and asset declaration easier for performing tax duties efficiently. The participant can read their profile and the list of assets in their possession. You could also verify or correct your profile as required through this portal.

The profile of an individual is generated by gathering sufficient information from the NADRA database and an individual’s expenses. The Federal Board of Revenue expects non-tax filers to join the tax system.

FBR Criteria to Check Assets:

Following are the criteria to follow check assets to check assets through the FBR portal:

• Age criteria (18 years)
• Authentic PTA registered mobile number (For Pakistanis)
• Pakistani national, with a valid CNIC and NICOP for Overseas
• Authentically generated email address (For Overseas Pakistanis)
• PKR 500 service charges (NADRA e-Sahulat or Debit/Credit Card)

How to Check Assets with FBR Portal?

The process to check your assets through the FBR portal is as follows:

• Visit the FBR web portal at https://taxnet.nadra.gov.pk/itax/howsystemworks
• Enter CNIC number
• Enter computer-generated verification code
• Pay the service charges through (Credit/Debit card, E-Sahulat franchise)
• Portal will provide the details of your asset

NADRA E-Sahulat Franchise:

NADRA initiated E-Sahulat as the country’s first e-commerce platform with self-service Kiosk Devices in 2005. These devices were later converted to desktop-based franchised operations in 2008.

NADRA E-Sahulat has approximately 12 thousand active franchisees and a network of telcos and banks. These linking networks are processing almost 7.5 million dollars transactions per month.

FBR Verification Portal Services:

Following are the services that can be availed by using FBR Verification Portal:

• Tax paid
• Net Wealth
• NTN number
• Total Income
• Arms License
• Tax Filer Status
• Executive Services
• Travel Information
• Passport information
• SIM verification status
• Number of cars owned

Taxpayer Benefits:

The tax filling and assets declaration is an important obligation every good citizen should perform.

Following are the benefits provided by the government for taxpayers:

• Lower rates of tax deduction in banks
• Reduction on withholding Tax
• Lower rate of Tax on buying and selling of property
• The lower withholding tax rate on capital gains
• Lower charges for Tax on dividends
• Lower rate of tax reduction on prize bond winnings

Importance of Assets Declaration:

The declaration of assets is a strong mechanism for preventing corruption, identifying unlawful enrichment, and exposing conflicts of interest. According to the World Bank survey, over 150 countries have made asset disclosure mandatory for public officials.

Federal Government issued the Asset Declaration Ordinance in 2019. This ordinance is the very first initiative that documents the economic progress based upon assets. The declared assets documentation promotes economic restoration and growth through business taxes.

Frequently Asked Questions (FAQs):

Following are the FAQs about NADRA FBR Verification Portal:

Q1: How to check assets with the FBR verification portal?

Ans: First, visit the FBR web portal, enter the CNIC number, and enter the provided computer-generated verification code. After that pay, the service charges through (Credit/Debit card, E-Sahulat franchise), and the portal will provide the details of your assets.

Q2: How can I check my filer status online?

Ans: To check the filer status online FBR online portal at https://taxnet.nadra.gov.pk/itax/howsystemworks.

Q3: What is NADRA E-Sahulat?

Ans: NADRA E-Sahulat is an initiative taken by the Government of Pakistan for e-commerce.

Q4: What are services provided by FBR verification

Ans: The FBR portal provides services like Tax paid, Net Wealth, TN number, Total Income, Arms License, Tax Filer Status.

Conclusion:

The NADRA FBR verification portals are a government of Pakistan initiative for the convenience of its citizens. Asserted Properties are a vital part of a healthy economic structure. In this blog, we discussed the importance and all the possible details about the NADRA FBR Verification Portal.

For more updates, stay tuned to Business World. Some of our other informative blogs include Toyota Vitz 2022 Price in Pakistan and the Emergency helpline Numbers list in Pakistan.