Rs47b tax waiver stopped at 11th hour

Society Pakistan & World Affairs
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**Cellular companies: Whopping Rs47 billion
tax waiver stopped at 11th hour
**

ISLAMABAD: The Federal Board of Revenue (FBR) was on the verge of signing off on a massive waiver of Rs47 billion on outstanding taxes for five cellular service providers, but the move was intercepted by the country’s top anti-corruption watchdog.

FBR Chairman Mumtaz Haider Rizvi was interrogated for over two hours at the National Accountability Bureau (NAB) headquarters on Friday night and was allowed to leave the premises only after he agreed not to issue a notification to write off the outstanding amount, the head of the bureau’s media wing, Dr Ayesha Siddiqa, told The Express Tribune. The Rs47 billion includes a principal amount of Rs26 billion owed by five cellular service providers since 2007. FBR tax auditors had pointed out the discrepancy in 2010.

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Telecom firms are minting money like anything. But still they want to get their taxes written off. What a shame!

Finally a good news from NAB :clap:

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Re: Rs47b tax waiver stopped at 11th hour

Yeh to gharibi me ata gila ho jata…:aj:

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Re: Rs47b tax waiver stopped at 11th hour

One thing to note here is the stay order issued by Islamabad high court to the cellular companies, is there some vested interest at play here?

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Re: Rs47b tax waiver stopped at 11th hour

wow, definetly commendable step :k:

why they were trying to waive such a huge amount, if they wanted they could have easily paid in small installments. these companies should be given harsher punishments, will set an example for others who just love to plunder the country.

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Re: Rs47b tax waiver stopped at 11th hour

so the FBR chairman can get atleast Rs2-3 billion for his next 7 generations, not to forget other “interested” parties who would get a cut :wink: