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Home Breaking News

Tax defaulters: FBR to net 191, 798 evaders

byM Hayat
15/08/2014
in Breaking News, Lahore, Latest News, Slider News
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LAHORE: The documents of Federal Board of Revenue reveal that total number of tax defaulters in the country stands at 191, 798, who are evading Rs286,213 million.
It was stated in the documents that 181,290 defaulters have been evading Rs111,487 million income tax, 10,312 taxpayers evading sales tax worth Rs13,252 million while 196 have to pay Rs43,575 million as federal excise duty.
A source explained that tax defaulters listed in document were those who had served with tax demand notices but failed to pay tax within the time given.
It is important to mention that out of the said evaded amount of Rs286,314 million, FBR claimed a recovery of Rs195,495 million which lowered the amount to Rs90,819 million. The FBR officials also admitted that Rs11,510 million out of the above amount were irrecoverable as demand was too old and whereabouts of the taxpayers were also unknown.
A further sum of Rs 36,644 million has been under litigation process but FBR officials were uncertain about the recovery of this amount as the cases have been pending for years.
Source said that the record of the defaulters, default surcharge and penalties has been maintained on the basis of tax demand, rather than on income of the defaulters.

Tags: ANFbrecorderChief Collector Enforcement SouthCollectorate of PreventiveCommerce MinistryCustomCustoms Clearing AgentsCustoms dutyCustoms I&ICustoms Intelligence and InvestigationCustoms TariffCustoms TribunalFBRFBR ChairmanFederal Board of RevenueFinance Ministryfreight forwardersFTOincome taxlitigationMember CustomsMember LegalNisar MuhammadPakistan Custom’sPorts and Shippingpost clearance auditSales TaxTariq BajwaTax defaulterstax demand noticesValuation Ruling

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