Top Pakistani TV Channel receives FBR Notice over alleged tax evasion of Rs 1 billion
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ISLAMABAD: Top Pakistani TV Channel ARY Communications receives FBR Notice over alleged tax evasion of Rs 1 billion.
The Federal Board of Revenue (FBR) has served a notice on ARY Communications Limited (ARY) and raised a tax demand of Rs992 million – alleging that the entity had evaded tens of millions in taxes through misrepresentation, concealment and misuse of exemptions, thereby causing a substantial loss to the national exchequer.
The order, dated June 30, 2019, followed a detailed, weeks-long exchange with ARY Communications as well as interactions with its representatives, in which the media house was unable to clear its position of misrepresenting facts in its Income Tax Returns to avoid millions in taxes, according to the FBR’s allegations in its detailed findings.
