KARACHI: The Inland Revenue Service (IRS), Large Taxpayer Unit, has raided the office a telecom company for alleged tax evasion of billion of rupees.
According to the source, officers of the Inland Revenue Service (IRS) Large Taxpayer Unit (LTU) served several notices on the telecom company for failing to file tax returns worth billions of rupees for last several months.
The company is a leading cellular network provider in the country which did not pay taxes even after receiving notices from the Inland Revenue Service (IRS). Before conducting the raid, the IRS issued directive for freezing the bank accounts of the said company, the source informed Customs Today.
The defaulter telecom company had to pay more than four billion of rupees against the tax and now the officers of the Inland Revenue Service are investigating the bank accounts in detail for the recovery of the tax.
The sources in the Federal Board of Revenue (FBR) revealed that the officers of the Ministry of Information and Technology also contacted the Special Assistant to Prime Minister on Revenue Haroon Akhtar to intervene and resolve the matter.
Special Assistant to Prime Minister on Revenue cleared that all the matter will be tackled according to the rules and regulation as tax evasion as despite Federal Board of Revenue notices against tax filling is also an misdeed.
