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Cell phone companies evaded taxes worth Rs400b: NAB Chairman

byCT Report
29/11/2017
in Business
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ISLAMABAD: National Accountability Bureau (NAB) has observed that mobile phone companies are allegedly evading taxes worth Rs400 billion every year.

A statement issued by the bureau said that Chairman NAB Honorable Justice Javed Iqbal stressed upon improving tax collection system of Federal Board of Revenue (FBR), Government of Pakistan as Pakistan is investor’s friendly country and is the best country for Foreign Investment and we should try utmost for collecting taxes for protecting our national interests as per law.

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He said: “Mobile Phone Companies are allegedly not paying Rs 400 billion per year taxes to FBR.” The potential tax is not being allegedly collected and deposited in the national exchequer by Mobile Phone Companies as reported.

The Chairman NAB said that NAB has seven regional Bureaus which have been headed by Director Generals of NAB who have already been directed to ensure resolving people’s corruption related complaints as per law.

The complainants must also be informed about the status of their complaints. He said that strict action be taken against those NAB officials who call again and again the innocent people unlawfully and reopen the inquiry/Investigation once those have been closed.

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