ISLAMABAD: Federal Board of Revenue (FBR) has decided to prosecute 72 lakh tax evaders in the country.
Strict rules have been made in the Finance Bill to take action against tax evaders. According to the Finance Bill, 10 crore tax evader will be arrested. The person who doesn’t submit the credentials and fails to pay Rs 2.5 crore will be arrested.
As per the Finance Bill, the authorities will have the option to sale the hidden assets and properties of tax evaders in 15 days.
Earlier, Prime Minister Imran Khan Friday gave the Federal Board of Revenue (FBR) a pat on the back for collecting “historic level of tax revenues” during the outgoing fiscal year.
“I commend efforts of FBR in achieving historic level of tax revenues of Rs.4732 bn in 2020-21 – exceeding target of Rs 4691 bn & 18% higher than last year,” tweeted the prime minister.
The premier said that the performance of the FBR is a testimony to the economic revival brought about by his government’s policies.
The FBR, as per the report, went over its tax collection target of Rs4,691bn for the fiscal year 2020-21 and managed to collect Rs4,725bn.
