FBR initiates action against non-filer corporate taxpayers

ISLAMABAD: Federal Board of Revenue (FBR) on Sat directed tax offices to make sure recovery of penalty quantity from company taxpayers, UN agency didn't file revenue enhancement returns by maturity date.

The last date for filing revenue enhancement returns for the tax year 2020 was New Year's Eve, 2020. However, the FBR aforesaid that an outsized variety of firms had didn't go with the obligatory demand.

The revenue body aforesaid that the info obtained from PRAL in respect of non-filer firms, that area unit filers for the tax year 2019, goes to reveal that not solely that they need not filed tax returns however conjointly that a substantial quantity of revenue has not been paid by these taxpayers.

It may be noticed that notices u/s 182 of the revenue enhancement Ordinance, 2001 were issued to all or any non-filers presently by the FBR Head workplace.

All Chief Commissioners of Inland Revenue (CCIRs) are directed to watch the progress of penalty progress proceedings notably in company cases and ensure social control of returns and conjointly to comprehend due revenue. Formation-wise lists of such cases are sent through email to all or any involved.

The FBR directed all the CCIRs to share the progress on social control measures in the recovery of penal quantity and payment of outstanding dues by Gregorian calendar month fifteen, 2021.