FBR launches drive against big tax evaders

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ISLAMABAD: The Federal Board of Revenue (FBR) has launched clean-up operation against tax evaders and 2.5 million big tax evaders would be brought under the tax net, it was learnt here on Thursday.

According to details, the drive against tax evaders has been launched with solid proof and billions of dollars tax would be collected within 90 days. In this regard, the filed formations of the FBR in the four provinces have been sent details about annual expenditures, movable and immoveable property and the annual income of big tax evaders in their regions. Billions of rupees tax would be collected within 90 days after the first notice through a comprehensive campaign under a plan B.

It is learnt that 2.5 million companies had not even submitted the returns of annual income. On pointing out by the IMF and other financial institutions, the FBR had dispatched the computerised record of 2.5 NTN holders in Karachi, Lahore and Islamabad to its regional tax offices. The record consists of details about their bank accounts, foreign tours and holidays at luxurious hotels of different islands, the education expenditure of their children, their movable and immoveable properties, club expenditure, and parties held at hotels, expenditure on the birthday parties of their children and marriage ceremonies. The proof provided by the FBR were authentic and unquestionable.

The chief commissioners of three NTU and 18 regional offices have started issuing notices to the big tax evaders under the Income Tax Ordinance. The regional tax commissioners have been directed to facilitate the tax evaders to voluntarily pay the tax at first and if they do not pay the taxes, they should be called to the office and their payable tax should be assessed by mentioning their property, expenditure, annual income and other such details. If they do not pay tax, the regional offices should serve them notices. After the expiry of the notice period, the tax formation can handcuff the tax evaders and send them to jail and their property can also be confiscated and their bank accounts can be frozen.

As many as 3.38 million people and organisations have obtained special tax numbers and they continue to do business but out of them only 0.85 million people and institutions pay their taxes.

Courtesy: The News


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