Ishaq Dar suspends order aimed at tax evaders

(MENAFN- Khaleej Times) Dar added that all ?discriminatory sros? would be abolished within three years and all stakeholders were working together in this regard.

finance minister ishaq dar has suspended the implementation of an order meant for recovery of tax from evaders apparently succumbing to pressure from powerful lobbies.

the order was issued last week by the federal board of revenue (fbr) granting power of assessment and recovery to officials of the tax intelligence unit of the inland revenue service (irs) to unearth and recover the evaded tax from fraudsters.

speaking at a meeting of the tax advisory council comprising representatives of chambers of trade and industry and exporters and importers who expressed their resentment against additional powers given to fbr officials dar said that the fbr issued the order without his approval and was unfair in its spirit.

dar added that all “discriminatory sros” would be abolished within three years and all stakeholders were working together in this regard an official statement said.

in the past 10 months (july-april) the intelligence unit has unearthed cases involving tax evasion of rs6 billion. these cases were referred to the regional tax offices and large taxpayers units (ltus) for recovery from the evaders.

so far only rs800 million has been recovered from evaders reflecting poor compliance of the tax department.

the recent tax evasion cases instituted by the unit against mobile phone sellers software vendors property developers etc have irked the powerful lobbies.

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