BR100 Increased By (0.73%)
BR30 Increased By (0.59%)
KSE100 Increased By (0.73%)
KSE30 Increased By (0.76%)
AGHA 7.78 Increased By ▲ 0.03 (0.39%)
BECO 5.21 Increased By ▲ 0.02 (0.39%)
BML 57.01 Decreased By ▼ -1.65 (-2.81%)
BOP 34.22 Increased By ▲ 0.53 (1.57%)
CNERGY 10.82 Increased By ▲ 0.21 (1.98%)
CSIL 5.42 Increased By ▲ 0.12 (2.26%)
FCCL 54.90 Increased By ▲ 1.16 (2.16%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.25 Increased By ▲ 0.03 (2.46%)
KEL 7.40 Increased By ▲ 0.12 (1.65%)
KOSM 5.78 Increased By ▲ 0.14 (2.48%)
LOTCHEM 29.79 Increased By ▲ 0.14 (0.47%)
MLCF 95.80 Decreased By ▼ -0.56 (-0.58%)
NBP 204.49 Increased By ▲ 0.96 (0.47%)
NCPL 57.81 Increased By ▲ 0.96 (1.69%)
NPL 69.45 Increased By ▲ 2.14 (3.18%)
OGDC 318.45 Increased By ▲ 0.23 (0.07%)
PACE 10.84 Increased By ▲ 0.21 (1.98%)
PAEL 43.00 Increased By ▲ 1.23 (2.94%)
PIBTL 16.88 Increased By ▲ 0.07 (0.42%)
PPL 221.25 Increased By ▲ 1.08 (0.49%)
PRL 51.60 Increased By ▲ 2.55 (5.2%)
PTC 71.01 Increased By ▲ 1.00 (1.43%)
SSGC 28.65 Decreased By ▼ -0.49 (-1.68%)
TBL 9.94 Increased By ▲ 0.17 (1.74%)
TELE 8.87 Increased By ▲ 0.05 (0.57%)
TPL 18.26 Increased By ▲ 1.09 (6.35%)
TPLP 12.96 Increased By ▲ 0.45 (3.6%)
TREET 22.72 Increased By ▲ 0.13 (0.58%)
TRG 60.00 Decreased By ▼ -0.22 (-0.37%)

imageRECORDER REPORT

ISLAMABAD: The Federal Board of Revenue is coordinating with National Accountability Bureau (NAB), Federal Investigation Agency (FIA), Federal Tax Ombudsman (FTO) and Wafaqi Mohtasib to assist investigating agencies in probing the cases of tax fraud/evasion, disciplinary proceedings and share details of cases involving technical interpretation with huge revenue implications.

Sources told Business Recorder here on Saturday that the FBR is facing multiple challenges on legal front like pending litigations in service matters apart from the complex technical issues involving different appellate fora in the field of Income Tax, Sales Tax, Federal Excise and Customs. Similarly, tax authorities have to coordinate with many agencies even with different Ministries regarding involvement of the officials in tax evasion, tax fraud, disciplinary proceedings and submission of details in cases involving technical interpretation having huge revenue implications.

It depends on the nature of data required by the investigating agency for carrying out investigation. It was felt that a Legal Consultant was required to be appointed by FBR having firsthand knowledge of all taxes administered by FBR and experience in dealing with services matters.

It was unanimously decided during the last Board-Council meeting of the FBR that Legal Consultant be hired after completing all the codal formalities and procedures as prescribed by the government in such cases through a competitive process.

Comments

Comments are closed for this article.