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FBR to start audit of banks heads’ salaries

FBR to start audit of banks heads’ salaries

LAHORE Federal Board of Revenue (FBR) has started the process for auditing of salaries records of country banks heads.

Sources told Customs Today the Federal Board of Revenue has demanded records of salaries of the bank heads from all the banks.

Sources said that the bankers who have been drawing their salaries over Rs 0.4 million annually would be the target of the Federal Board of Revenue.

The sources told that FBR authorities received credible information that some top bankers of the country are still avoiding to pay taxes despite issuing many notices. Sources said that after their failure to submit tax statements. FBR top brass decided to take action against those bankers who are still avoiding to file their tax returns for past years.

Sources told that strict action will be taken against those bankers who are willfully not filing their tax returns. FBR is considering to attach their bank accounts and seizing their properties.

It is necessary to mention here that Federal Board of Revenue teams are using all available resources to recover outstanding amount from tax defaulters and for this purpose they are using all available resources. Sources told that as the current fiscal year is going to end soon, there are strong chances that Federal Board of Revenue will achieve their year’s assigned revenue collection target. Chairman Federal Board of Revenue Dr. Mohammad Irshad already directed all the field office and other relevant Collectorates and Regional Tax Office to use all available legal resources to achieve revenue collection target.