KARACHI: The Federal Board of Revenue (FBR) has agreed not to select cases for audit where tax is fully paid and falling under the final tax regime.
This agreement came at a meeting of the FBR officials with the representatives of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) at Large Taxpayers Unit (LTU) Karachi.
FPCCI Committee on FBR Chairman Shakeel Dhingrah said that the revenue authority had agreed that it will not conduct audit where payment is full and final. After this agreement, the FBR will not audit in cases such as commercial importer, salaried persons, indenters, rental income, he added.
It was also decided that the Alternate Dispute Resolution Committees (ADRC) should be formed immediately. Further, it was resolved that those taxpayers who opted for their decisions through ADRC, their tax recovery would be stopped immediately on the submission of decision by the ADRC to the FBR, he added.
Dhingrah said that it was also under consideration that if a case selected for audit and the taxpayer decided to revise his return by paying 25 to 30 percent additional tax, then his audit would be withdrawn forthwith.
