SIALKOT: The Federal Board of Revenue (FBR) has issued another list of 425 industrial units (225 in Sialkot and 200 in Gujranwala) for special audit. An official of the FBR told Customs Today that special audit would soon be conducted to determine their possible tax evasion and flaws in internal audits and tax return submission.
The new list has been issued in the second phase of the procedure of conducting special audit of the selected industrial units, they added.
Earlier, FBR had finalized names of as many as 3,550 industrial units in Gujranwala division’s Sialkot, Narowal, Gujrat, Mandi Bahauddin, Hafizabad and Gujranwala districts for special audit. The FBR had also formed 13 special teams in this regard. On the other hand, the FBR has announced to bring 23,000 new traders in the tax net in Gujranwala region.
Official said the Gujranwala Regional Tax Office has been assigned to bring 11,000 traders of Gujranwala and Hafizabad districts in tax net, Sialkot Regional Tax Office for 10,200 traders in Sialkot, Narowal and Gujrat districts besides bringing 1,800 traders in tax net in Mandi Bahauddin.
The special teams, with special monthly targets, are visiting trade bodies to motivate new traders to come under the tax net.
