In a first, FBR cracksdown against the top fashion designers over massive tax evasion

Shares
In a first, FBR cracksdown against the top fashion designers over massive tax evasion

ISLAMABAD - In a first, Federal Board of Revenue cracksdown against the top fashion designers over massive tax evasion.

The Federal Board of Revenue (FBR) has found massive tax evasion by fashion designers.

According to the available documents, this was revealed while surveying for new taxpayers. The FBR has found that marriage dress designers charge an exorbitant amount for bridal dressmaking.

Sardar Ali Solangi, deputy commissioner (Inland Revenue) of Regional Tax Office-II, stated in the letter that “Some of the designers even charge millions for a single dress but when their income tax returns were analyzed it was found that quite a large number of these dress designers were paying very meager amount of tax i.e. their declared income does not commensurate with their receipts.” ------------------------------

The letter further stated that some of them are even not on the tax roll.

The office has identified 24 dress designers involved in misreporting their sales. Following are the names of the designers that the department is going to issue notices to:

1. Shehrnaz 2. Nada Tai 3. Aisha Ahmed 4. Wardha Saleem 5. Sanam Chaudhri 6. Sania Maskatiya 7. Cartes by Pasho 8. Silhouettes by Ash & Uzma 9. Nida Azwer 10. Waqar J. Khan 11. Kavalier Laser Cut Innovations 12. Rozina Munib 13. Ayesha Sarfaraz 14. Farida Qureshi 15. Saleha 16. Mahin 17. Natasha Kamal 18. Basic 19. Sarah Arshad Gilani 20. Amna Chaudhry 21. Chikankari 22. House of Farah V 23. Sable Vogue 24. Zuri by Zainab Fawad

Their returns are being analyzed and the desk audit is being conducted.

The letter further stated that the information obtained about their income will be cross-matched with declared income, wealth statement filed and withholding statements filed by the withholding agents.

More from this category