Just in:  

You are here: Home»Sports»Cricket»Afridi,younis Khan among others warned on tax evasion

Afridi,younis Khan among others warned on tax evasion

Younis-Khan-Shahid-Afridi-300x207KARACHI: Former Pakistan captains Shahid Afridi and Younis Khan were among four players hit with tax demands totalling more than three quarters of a million dollars on Friday, officials said.


The Federal Board of Revenue (FBR) said it had issued notices to Afridi, Younis, Umar Akmal and Abdul Razzaq for evading taxes of 80 million rupees ($825,000), ordering them to pay up within two weeks.


"Notices have been served to four players -- Afridi, Younis, Razzaq and Umar -- as they have not given taxes on their match fees, annual contracts and endorsement fees and they are asked to reply within the stipulated time," said an FBR spokesman.


Test captain Misbah-ul Haq, Twenty20 captain Mohammad Hafeez, Azhar Ali, Taufeeq Umar, Umar Akmal and Wahab Riaz were all warned over tax evasion in June this year, the spokesman said, but refused to give further details.


Pakistan's tax revenues are among the lowest in the world at just 9.8 percent of GDP in fiscal year 2010-2011, according to the Asian Development Bank, and less than two percent of the population pays tax on their income.


By Pakistani standards, top cricketers earn handsome sums in annual central contracts, endorsements and match fees, with Afridi topping the list.


Younis, Afridi and Umar are all in category 'A' of the Pakistan Cricket Board's central contracts, earning 313,000 rupees ($3,200) in monthly salaries.


Top Pakistan players also get match fees of $4,000 a Test, $3,800 for a one-day and $2,900 for a Twenty20 international.


Copyright AFP (Agence France-Presse), 2012


Index Closing Chg%
Arrow DJIA 17,792.68 0.17
Arrow Nasdaq 5,102.48 0.05
Arrow S&P 2,086.59 0.12
Arrow FTSE 6,305.49 0.46
Arrow DAX 11,092.31 0.25
Arrow CAC-40 4,889.12 0.44
Arrow Nikkei 19,879.81 0.10
Arrow H.Seng 22,665.90 0.90
Arrow Sensex 25,819.34 0.19

Wholesale Camping Equipment from China at 

New 2015 adidas and Nike Soccer Cleats at Kicks Corner uk

Ad Asia 2015

Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln