ISLAMABAD: As many as 4,641 out of 7,444 registered companies are not filing income tax returns, revealed by Federal Board of Revenue (FBR) and the Securities and Exchange Commission of Pakistan (SECP).
FBR has already pointed out 9,721 companies before the SECP which have not filed income tax returns for the tax year 2014, but had filed tax returns in 2013.
The data showed that 2,803 companies were non-compliant. The SECP has started issuing show-cause notices to such companies to determine the reasons for being non-compliant.
