national
November 9, 2019
FBR wants realtors, jewelers to report suspicious transactions
ISLAMABAD: The FBR has proposed drastic changes for enforcement of law by binding the real estate agents and jewelers to maintain record of beneficial owners of properties and jewelry and report about all suspicion transactions to tax machinery.In order to comply with the Financial Action Task Force requirements, the FBR issued draft amendments to Income Tax Rules 2002 for ensuring documentation of real estate agents and jewelers.The FATF teams in their assessment showed concerns that the...