The Federal Board of Revenue (FBR) has reportedly decided to document all transactions of the foreign exchange dealers and companies and directed them to ‘integrate’ with FBR’s computerized system. According to reports, FBR has notified SRO50(I)/2022 to draft amendments in the Income Tax Rules, 2002, here on Friday. For which FBR has issued instructions to the foreign exchange dealers and exchange companies. According to the FBR, “the board has included foreign exchange dealers/exchange companies in the list of the businesses that are required to online integrate their businesses.” Arooj Aftab, Pakistani vocalist, scheduled to perform at Coachella US senate bill aims at ending China’s control over rare earths minerals Given the nature of this recent mandate, the Board will ensure to facilitate customers on their website. This means, that a customer of an integrated company may verify and ensure that the invoice or receipt issued to them by the exchange dealer has been communicated to the FBR system. In case, of non-verification, the customer will be able to upload his/her invoice to the portal on the FBR website.  According to Aaj News, “The foreign exchange dealers/exchange companies shall install such fiscal electronic device and software, as approved by the board, … Continue reading FBR to monitor foreign exchange dealers, all transactions