SIALKOT: The Federal Board of Revenue (FBR) has decided to conduct a scrutiny of the financial and tax records of about 300 trust hospitals and welfare organizations enjoying tax exemption but earning profits in Gujranwala division’s six districts including Sialkot, Narowal, Gujrat, Mandi Bahaud Din, Hafizabad and Gujranwala.
According to the senior FBR officials, the hospitals and welfare organizations have the exemption of tax payments but are earning large amounts of profit despite causing the FBR big financial losses.
The officials added that, after a proper scrutiny, the FBR will be able to collect all the taxes from these charities, trust hospitals and other public welfare-oriented organizations as well. The FBR has also sought a complete detail and account records of these 300 tax-exempted charities hospitals and other welfare organizations, saying the FBR officials will also talk to the patients and heirs admitted to these trust hospitals and will get details about the financial issues of the patients in this regard.
The FBR will also keep a check on the collective performance of these trust hospitals and their reputation in public circles as well.
The FBR has decided to bring all the tax-exempted and profit-earning trust hospitals and other public welfare organizations into the tax net by cancelling their tax-exemptions after the scrutiny.
Meanwhile, the Regional Tax Directorates of Sialkot and Gujranwala have issued strict directions in this regard.
