The Federal Board of Revenue (FBR) has announced that it would take actionagainst 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 soughtfrom all large taxpayers’ offices (LTOs).
The LTOs have been directed to submit the lists of top 25 tax defaulterswithin two weeks.
The FBR has so far issued tax notices to 1.4 million tax defaulters, addedsources.
Earlier, FBR had withdrawn additional customs duty on the import of someraw materials.
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Additional customs duty had been withdrawn of the import of raw materialsof around 174 tariff lines.
Sources said that FBR had issued SRO 81(I)/2021 dated January 22, 2021, toabolish additional customs duty on import of raw materials of 174 tarifflines.
The SRO has been issued to comply with the decision of the EconomicCoordination Committee (ECC) meeting held on January 06, 2021.
