Selection of 77,500 taxpayers for audit through computer balloting flayed

KARACHI: President Lasbela Chamber of Commerce and Industry (LCCI), Yakoob H Karim, on Friday strongly criticized selection of 77,500 taxpayers for audit through computer balloting.

“This will be nothing but to harass the taxpayers. Federal Board of Revenue (FBR), instead of broadening the

tax base and bringing in new taxpayers, is disturbing and harassing those who are already paying taxes,” he said in a statement.

He asked FBR to provide details of total number of Karachi based taxpayers (sales tax and income tax) selected for audit in order to fully evaluate the impact of such audit. Karim advised FBR to stop any further action such as issuance of audit notices or initiation of audit proceedings till the issue was resolved in consultation with the representatives of chambers as well as relevant trade bodies.

He said: “FFBR should not take easy way out to enhance revenues by squeezing the same set of taxpayers who are already paying their taxes on regular basis, instead of making intensive efforts for broadening tax base by identifying new taxpayers and getting them into the tax net.”

He said: “FBR could easily bring over 600,000 new taxpayers into the net but is avoiding the more challenging task of laying its hands on those who were leading the lifestyles well beyond their declared income and assets.  “Despite claiming many times that FBR has compiled the list of more than 700,000 individuals who have a lavish living standard and assets worth millions but are not paying any taxes, FBR has neither published the list nor taken measures to register these individuals for recovery of income tax and wealth tax.”

The post Selection of 77,500 taxpayers for audit through computer balloting flayed appeared first on Pakistan Press International.

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