The Federal Board of Revenue (FBR) has rolled out a revamped password policy to bolster the protection of taxpayers’ credentials against increasing cybersecurity threats. The new measures aim to ensure maximum security and mitigate potential risks to user data.
According to the revised guidelines, individuals responsible for taxes are required to change their passwords every two months. Neglecting to complete this action will lead to the password expiring, requiring a reset through the “Forget Password” option. This initiative aims to implement proactive management of passwords and minimize risks associated with outdated credentials.
However, the updated protocol adds a degree of intricacy for users. The processes for registration and password recovery now require the use of a registered mobile contact number and email address. Without these details, tax filers may have trouble recovering and entering the system.
FBR has urged taxpayers to ensure their contact information is up to date and to comply with the new policy for uninterrupted access. The outlined measures are in harmony with FBR’s overarching plan to bolster digital security and protect taxpayer information as we navigate an ever-evolving digital landscape.
In a separate development, the FBR has introduced an advanced Stock Register system through the Information Centre 2.0 platform. This initiative aims to equip officers with real-time, comprehensive access to data on registered individuals, enhancing transparency and ensuring adherence to Income Tax (IT) and Sales Tax (ST) regulations.
The board initiated the system under the guidance of the Chairman FBR, as part of FBR’s extensive digitalization initiatives aimed at enhancing tax administration and increasing revenue collection, according to a press statement.
The system operates as an advanced management information and reporting tool, enabling tax officers to safely access comprehensive stock data, thereby ensuring accurate tax assessments and reducing the likelihood of tax evasion.
