ISLAMABAD: In line with the audit policy for tax year 2015, random computer ballots were held here to select cases for audit for tax year 2014 and tax period 1st July, 2013 to 30th June, 2014, in respect of income tax, sales tax and federal excise duty. The balloting was held at FBR House.
Federal Minister for Finance Muhammad Ishaq Dar chaired the ceremony. Special Assistant to Prime Minister on Revenue, Haroon Akhtar was also present.
In his address on the occasion, the Finance Minister highlighted the economic and tax policies of the government. He said promotion of tax culture in letter and spirit was necessary to ensure overall economic development in the country. He said the government would facilitate tax payers in every possible manner and the FBR was taking steps to this end. He said we would always prefer moral suasion to all other ways and means for encouraging people to contribute to the national exchequer. The Minister said despite all odds, within last two years, the FBR achieved 33% growth in revenue collection as from over Rs 1900 billion in 2013, it had reached Rs. 2590 billion by the end 2014-15. He praised the Chairman FBR and officials and called upon them to make all out efforts to achieve the revenue target set for FY 2015-16.
Later on random computer ballots were conducted in respect of six categories i.e. corporate cases of income tax, sales tax and federal excise duty and non-corporate case of income tax, sales tax and federal excise duty. The Finance Minister initiated the ballot process by pressing the computer button. Representatives of chambers of commerce and industry and tax bars also participated in the balloting process.
Around 75,871 persons selected for audit in respect of six categories. national tax numbers of cases selected for audit are displayed on FBR’s website.
