LAHORE: The Federal Board of Revenue (FBR) has started the audit of big publishers after finding some discrepancies in tax returns filed by them.
According to the details, the FBR will scrutinise the record of last five years to find the total tax paid by publishers in wake of sales and income tax during the said period.
The book sellers those published book in foreign countries but sell them in Pakistan would also be included in the audit process.
It is pertinent to mention here that publisher is liable to pay 35 percent tax as manufacturer and five percent as importer.
The officials said that if any kind of irregularity was found, the tax evaders will be brought to table in order to recover evaded tax.
