KARACHI: The Federal Board of Revenue (FBR) has decided to blacklist sales tax defaulters by the end of current year.
Sources of FBR told Customs Today that a new mechanism is being introduced to enhance ratio of compliance. The new mechanism will empower FBR to blacklist all those defaulters who are not submitting their tax returns for fiscal year 2014-15 despite repeated reminders. Suggestions to ban their entire business is also on the cards.
Sources further disclosed that these defaulters will be granted last chance to clearing their outstanding dues, after their failure, FBR authorities have right to blacklist them and their entire business.
