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FBR to go after 24,000 Pakistanis who bought Dollars in Bulk


Aizbah KhanWeb Editor

11th Jan, 2020. 12:42 am
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Taxes on petroleum products decreased from 40 to 45 percent, FBR

Federal Board of Revenue (FBR) gathered data for investigation of 24,000 Pakistanis who purchased dollars in bulk in 2017-18.

According to the details, FBR stated that they are currently examining the tax records of these people before investigating them.

FBR further stated that 9880, people are based in Lahore and the list of these people has been sent to the Regional Tax Office in Lahore.

The regional office will issue notifications to these people. FBR will ask them about their source of income through which they bought large sums of foreign currencies.

The government had initiated the crackdown last year when Asad Umar was the finance minister, in collaboration with the State Bank of Pakistan.

Rupee Strengthens against Dollar by 13 Paisa

Earlier, Chairman Federal Board of Revenue, Shabbar Zaidi has said that two thousand and eighty billion rupees tax collection has been made during the last six months.

He said approximately seventy one billion rupees collected from five export sectors.

The Chairman FBR said present government set new targets for tax collection.

While documentation of jewelry industry streamlined.

Replying to a question, he said the government is going to introduce “point of sales system” on restaurants as they charging 16 percent tax from their customers,

But they least bother to deposit tax to the concerned department.

Shabbar Zaidi said some areas in the Real Estate business, where effective evaluation required to check the system.

 

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