|A timeline set for de-registration of business if taxpayer has fulfilled obligations|
|Reform Description||Before: Businesses which have been winded up due to any reason were used to submit an application for de-registration and then had to wait for a long period of time; meanwhile the case gets audited.
After:A timeline has been set by which the concerned department has to complete the tasks, on the expiry of the 90 days, the business is deemed to be de-registered.
|BeneficiariesAutomotive Owners||All Businesses|
|Jurisdiction/ Location||Federal (Entire Pakistan)|
|Department||Federal Board of Revenue|
|Date of Implementation||13-01-2022|
|Details||Difficulty||No set timeline resulted in longer periods of time for the tax payers to wait for de-registeration even though their business had been winded-up.|
|Analysis||To save time and hassle for the tax payers, a prescribed timeline was necessary.|
|Solution||Under the newly devised system, a business gets automatically de-register on expiry of ninety days if the business has already been winded-up.|
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