FBR Freezes PTA Bank Accounts In Its Ongoing Tax Recovery Drive

PTA-logoFBR in its ongoing campaign to recover outstanding tax liabilities against various companies, the Large Taxpayers Unit (LTU), Islamabad has attached all Bank Accounts of the Pakistan Telecommunication Authority (PTA) which owed Rs.3.6 billion to the exchequer on account of Income Tax.

An official statement from FB said that PTA was served with recovery notice under Section 138 (10 of the Income Tax Ordinance 2001, to deposit the outstanding liabilities by 28th of May 2012 which it failed to do so.

Accordingly, various teams were formed by Chief Commissioner, LTU, Islamabad to recover the amount from PTA through attachment of bank accounts and its receivables from mobile operators, wireless local loop (WLL) operators, Long Distance & International (LDI) operators, land line (LL) operators and Ministry of Information Technology.

When contacted, PTA said it is unaware of the action as of now.

FBR had collected PKR 3.43 billion in 2010 by carrying a similar action against PTA.

Recovery action on Mobilink

Earlier this week, LTU Islamabad had attached bank accounts of Pakistan Mobile Communications’ (Mobilink) and blocked its imports to recover through suppliers of the company,which included other telecom companies as well. Mobilink had said that FBR’s ruling on Sales Tax and FED is sub-judice.

Consequent upon Mobilink’s decision to avail Tax Surcharge and Penalty Waiver Scheme by FBR, the LTU Islamabad has agreed to resolve the issue of recovery of outstanding tax dues amicably, said FBR’s statement.

Revenue of Rs. 2.5 billion will be paid by Mobilink by 30th May, 2012 due to prompt recovery action by LTU, Islamabad, statement concluded.

Tech and telecom reporter with over 15 years of experience, he works as founder of ProPakistani.PK

  • Please somebody dissolve this PTA after recovery… plsss………. They are simply good for nothing!!!!!

  • hahahah EPIC FAIL!! A regulatory authority being penalized for failing to follow regulations :D

  • pehlay woh monthly 1 Million do dy dain PTA Chairman ko aur 0.35 Million as eidi to dy dain us becharay gareeb insan ko..

    tax to in sab kamoun say farig ho ky dain gain na PTA walay.. FBR bhi na bus bagair sochay samjhay accounts freeze kar daiti hay.. becharay PTA walay!

  • kia baat hai maza agaya yeh sab shareef telecom operators ko tang kartay hai ab inho nay tang kia hai

  • FBR dil khush kardiya! Please put your hands on more elites in this country, love you FBR.

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