Thursday, October 22, 2020

FBR initiates massive crackdown against non-filers

August 22, 2019

LAHORE (92 News) – Massive crackdown against non-filers has been kicked off by the Federal Board of Revenue (FBR). The FBR issued notices to 2100 people who have big commercial and industrial gas and electricity connections in Lahore. This was the move to bring the businessman into tax net. The Federal Board of Revenue also issued notices to 942 kiln owners in Lahore, Sheikhupura, and Nankan Saheb. On the other hand, the FBR took massive drive against the fraudsters and started to prepare the lists of people who are showing the expenses on others name and hide real income. https://www.youtube.com/watch?v=jJz6b1RttPQ It is noteworthy that in a drive to widen the tax net and ensure tax compliance across Pakistan, the tax department has launched a crackdown against wealthy and influential tax evaders. The step is taken in line with the government’s plan to widen the tax net. According to the document, the FBR, in the first phase of the crackdown, would take strict action against tax evaders and non-filers with a proven trail of large business transactions and financial deals. All the identified tax evaders are being proceeded against for recovery of payable tax, besides being subjected to heavy fines and penalties for failing to fulfill their tax obligations.

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