Parameter-based 12,609 cases selected for audit

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ISLAMABAD: The Federal Board of Revenue (FBR) on Monday selected parameter-based 12,609 cases for audit of the income, sales taxes and the federal excise duty. The selection of 12,609 cases of 1.677 million (0.75 percent), filers of returns indicates that the audit selection is not for revenue generation, rather it is being used as a deterrent.Therefore, the selection of approximately 15 percent of the returns filed in the Large Taxpayers Unit (LTUs), five percent of the returns filed by corporate cases and two percent of the returns filed by non-corporate taxpayers in the Regional Taxpayer Offices (RTOs) have been selected for audit only to promote voluntary compliance and taxpayers’ education.

The selection is based on the parameters devised after consultation with all stakeholders.The FBR conducted computer ballot for the selection of cases for audit pertaining to tax year 2011. The selection has been made on the basis of three separate risk parameters for the income, sales taxes and the federal excise duty laws for corporate and non-corporate cases.

Representatives of the business community, who pressed the button for the selection of cases, included Agha Mujeeb Ahmad Khan, president of the Rawalpindi Tax Bar, Raja Amer Iqbal, executive member of the Rawalpindi Chamber of Commerce and Industry and Naeem Siddique, president of the Islamabad Chamber of Commerce and Industry.

Other representatives present on the occasion of All Pakistan Tax Bar Association, Islamabad / Rawalpindi and the Federation of Pakistan Chambers of Commerce and Industry, included M Aslam Anwar, Faraz Fazal and Abrar Ahmad Qazi.

Member (Taxpayer Audit), while welcoming the participants, said that the payment of tax is the national responsibility of all the citizens, particularly those who are earning higher incomes.

She said that the FBR, through universal self-assessment scheme, has reposed full confidence in the taxpayers’.The FBR has ensured transparency in the process of the selection of cases for audit, she said.The list of cases selected for audit has been placed on the FBR’s website, showing taxpayers’ national tax number.

 

Courtesy: The News


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