Federal Chairman (FBR) Rashid Mahmoud Langeral revealed that tax evasion in the tobacco and poultry sectors has reached nearly 400 billion rupees, which confirms large gaps in the country’s tax collection system. Speaking during a meeting of the Permanent Finance Committee in the National Assembly, Langarial highlighted that despite the efforts to combat illegal trade, … Read more
The Grand Tax Office (FBR) Federal Council (FBR) revealed a smuggling ring involved in lushing black money and tax evasion through the trading of luxurious watches, according to a report issued by a special TV channel. The Grand Tax Office (LTO) raided three upscale outlets in Karachi, accusing them of massive tax evasion and violations … Read more
Finance Minister Senator Muhammad Aurangzeb (L) and FBR Chairman Rashid Mehmood Langriyal address a press conference to summarize the FBR study regarding sales tax evasion in Islamabad on October 10, 2024. – PID Aurangzeb says most entities claim excess input tax. Sharing FBR findings on massive malpractices in 5 sectors. Finance czar warns tax evaders … Read more