FBR Responds to Mini Budget Rumours
FBR Member Inland Revenue Policy, Dr. Hamid Ateeq Sarwar, denies rumors ....
FBR to recruit 4,000 auditors for audit of traders
ISLAMABAD: The Federal Board of Revenue (FBR) has announced the recruitment of 4,000 auditors while deciding to conduct a strict audit of the traders.
Last month, the negotiations between the traders and the FBR failed. The FBR has decided to conduct a strict audit of the traders and has announced the recruitment of 4,000 auditors.
In view of this situation, FBR has decided to take strict measures to ensure tax enforcement and against tax evasion.
In which blocking of CNIC, on the basis of which mobile SIM, electricity and gas connection, buying and selling of vehicles and property and traveling abroad will face severe difficulties.
The government’s position is that the tax will be collected from the shopkeepers in any case. On the other hand, the shopkeepers are of the position that if the government forcibly collects the tax, they will go on strike.
Earlier, Federal Board of Revenue decided to take action against unregistered businesses after October 1 and said that action will be taken against those doing business under fake names and without names. The data of unregistered businesses will be collected by third parties.
It was stated in the document that there are only 300,000 manufacturers registered for sales tax in the country, after October 1, 3 million shopkeepers will be registered for sales tax and anonymous electricity and gas meters will be transferred to the original owners.
The FBR spokesperson said that a biometric system will be implemented for sales tax registration, bank account details of shops and businesses will be obtained while copies of rent and lease documents of shops will be obtained.
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