Federal Board of Revenue conducts computer ballot for selection of cases for audit pertaining to tax year 2011

Federal Board of Revenue conducts computer ballot for selection of cases for audit pertaining to tax year 2011

 

Islamabad, February 25, 2013 (PPI-OT): Federal Board of Revenue has conducted computer ballot for selection of cases for audit pertaining to tax year 2011. The selection has been made on the basis of three separate risk parameters for Income Tax, Sales Tax and Federal Excise Duty laws for corporate and non-corporate cases. The business community representatives, who pressed the button for selection of cases, were:-

• Agha Mujeeb Ahmad Khan, President Rawalpindi Tax Bar.

• Raja Amer Iqbal, Executive Member Rawalpindi Chamber of Commerce and Industry.

• Naeem Siddique, President Islamabad Chamber of Commerce and Industry.

Other representatives present on the occasion of All Pakistan Tax Bar Association, Islamabad / Rawalpindi and Federation of Pakistan Chamber of Commerce and Industry, were Mr. M. Aslam Anwar, Mr. Faraz Fazal and Mr. Abrar Ahmad Qazi.

Member (Taxpayer Audit), while welcoming the participants, stated that payment of tax is national duty of all citizens, particularly those who are earning higher incomes. She informed the audience that FBR, through Universal Self Assessment Scheme, has reposed full confidence in the taxpayers’ community. Selection of 12609 cases out of 1.677 million (0.75%), filers of returns indicates that the audit selection is not for revenue generation, it is rather being used as a deterrence.

Therefore, the selection of approximately 15% of returns filed in LTUs, 5% of returns filed by corporate cases and 2% of returns filed by non-corporate taxpayers in RTOs have been selected for audit only to promote voluntary compliance and taxpayers’ education. The selection is based on the parameters devised after consultation with all stakeholders.

She informed that FBR has ensured transparency in the process of selection of cases for audit. The list of cases selected for audit has been placed on FBR’s website showing taxpayer’s National Tax Number.

For more information, contact:
Federal Board of Revenue
Mujeeb-ur-Rehman Talpur
Second Secretary (Public Relations)
FATE Wing, Federal Board of Revenue,
Constitution Avenue, Sector G-5,
Islamabad, Pakistan
Phone: +92 51 921 7267
Fax: +92 51 9208456
Email: mujeeb.talpur@fbr.gov.pk , talpur35@gmail.com

 
 
 

0 Comments

You can be the first one to leave a comment.

 
 

Leave a Comment

 

You must be logged in to post a comment.