KARACHI: The leader of the biggest tax evasion group in the country was arrested from Karachi Airport. According to the spokesperson of the Corporate Tax Office, the accused Asif Razzaq Deenar is the leader and mastermind of a wide network of tax evasion. The accused was arrested during a raid by the Corporate Tax Office. … Read more
KARACHI: The Federal Board of Revenue (FBR) has launched a flagship initiative, Point of Sale, to bring Rs16 trillion worth of undocumented retail sales into the tax net. Pakistan’s total retail sales are estimated at Rs20 trillion annually. The FBR’s integration of POS will also help the tax authorities implement a full-fledged value-added tax (VAT) … Read more
KARACHI: The Corporate Tax Office (CTO) Karachi has launched a crackdown against individuals and companies involved in the sales tax evasion, sources said on Thursday. The CTO Karachi is a major revenue collection arm of the Federal Board of Revenue (FBR) and has jurisdiction over corporate retail entities operating under various sectors. In its ongoing … Read more
