FBR announces crackdown against major tax defaulters

Shares
FBR announces crackdown against major tax defaulters

The Federal Board of Revenue (FBR) has announced that it would take action against major tax defaulters who did not submit their returns for 2020, sources said on Monday.

According to sources, a list of 25 major tax defaulters has been sought from all large taxpayers’ offices (LTOs).

The LTOs have been directed to submit the lists of top 25 tax defaulters within two weeks.

The FBR has so far issued tax notices to 1.4 million tax defaulters, added sources.

Earlier, FBR had withdrawn additional customs duty on the import of some raw materials.

Additional customs duty had been withdrawn of the import of raw materials of around 174 tariff lines.

Sources said that FBR had issued SRO 81(I)/2021 dated January 22, 2021, to abolish additional customs duty on import of raw materials of 174 tariff lines.

The SRO has been issued to comply with the decision of the Economic Coordination Committee (ECC) meeting held on January 06, 2021.