The Federal Board of Revenue (FBR) has failed to squeeze the neck of 0.7 million high net wealth individuals, despite having their complete records, said Senator Saleem Mandviwalla here on Saturday. While lambasting the audit policy of the FBR, he said that it was unfortunate that out of 0.9 million taxpayers, only 0.1 million would be on FBR's radar through its audit exercise.
Furthermore, he said the FBR's audit policy was a disaster for tax system of the country; adding that this audit policy would prove a tool to harass the honest taxpayers of the country, which would encourage more taxpayers to go out from the tax net. He alleged the FBR was busy in threatening and harassing the taxpayers as they were raiding on the offices of the taxpayers and issuing notices to them on every day.
He said that FBR had completely failed to increase the tax net of the country and by committing said action, they were restraining unregistered persons to get enrolled in tax net; adding that FBR had done nothing on the data of 0.7 million high net wealth individuals attained from Nadra in the tenure of PPP-led government rather it had put the said classified information in the dustbin.
Resultantly, these people are enjoying every facility in the country, they are living in luxury villas, travelling abroad every month, their children are studying abroad and they have a bank balance of billions, he maintained. He further urged the FBR to revisit its audit policy in order to provide maximum relief to the registered persons, who were being neglected since long.
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