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FBR to start crackdown on builders, contractors, housing societies from Monday

FBR to start crackdown on builders, contractors, housing societies from Monday

LAHORE: The Federal Board of Revenue (FBR) will start a crackdown on real estate builders, developers and housing societies for not paying their due taxes from Monday.

According to senior official of the Federal Board of Revenue, the FBR has created a squad to raid the tax defaulters and initiate investigations against them. The purpose of this campaign is to bring the people into the tax net.

The Federal Board of Revenue (FBR) intends to start crackdown on more than 10,000 non-taxpayers in the coming days. The FBR teams would raid the business premises of non-taxpayers and seized their goods and records and even impose the fines and penalties after arresting them. The action would be taken against those non-taxpayers who are not replying to the notices issued for the submission of documents and records.

The FBR teams would arrest the non-taxpayers under Income Tax Amended Act 2016, Article 125. The raiding teams would seal the business compounds of the non-tax-filers in Lahore.