The Regional Corporate Tax Office Lahore has raided the head office of clothing brand Outfitters in Lahore to obtain relevant records for completion of the audit proceedings against the company.
Senior officials of the Federal Board of Revenue (FBR) told ProPakistani that the raid was conducted with the necessary approval of the Commissioner Audit-III Corporate Tax Office Lahore.
The approval of the raid was given by Zulqarnain Ali Shaheen Haral, a BS-20 officer of Inland Revenue Service presently posted as Commissioner-IR (Audit-III), Corporate Tax Office, Lahore, who is the competent authority in the case.
The case of Outfitters was selected for audit, but they were not complying with the department’s notices for the provision of the required record. During the ongoing audit proceedings, the unit was not providing the records required for audit purposes.
A local team of the Regional Corporate Tax Office Lahore recovered and seized computers, laptops, and other records including ledgers of purchases and sales of the unit.
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Paisa aana chahiye …. The tax consultants and FBR officials unholy alliance results in megre tax collections which brings harm to tax compliant companies. FBR should give the audit job to third parties. With more than one audit firm for non compliant tax payer
Agreed
Top 3 audit firms may be selected for the purpos who conduct audit & report within short time frame.
Our country is being run on taxes paid by salaried persons + only a handful of small corporates.
It could never be termed as a valid ground to break the business privacy of a registered taxpayer. Subject raid is coram non judice, nullity in the eyes of law.
Nothing will come out
Because of hath jori approach
Businesses live under continues threat, their banl account and what not can be seized/freezed at any moment, the best hiring a tax consultant is like getting a middle man to break the deal…tax authorities are hell bent to destroy of whatever business is left here
FBR official is looking for:
Bribe,
Scare the businesses and get more bribe
Bribe
And if Oufitters are paying tax, then FBR officials may have problem with that as well, because he who pays tax correctly are mostly hated by FBR officials…
Pakistan’s FBR will never ever raid a Tax-defaulter or concealer…
How about widening the tax net instead of taxing the already taxed? This kind of harassment is precisely why people don’t want to become filers. Their accounts must have been audited and approved by a 3rd party. Hold it accountable also then. Why the tax net cannot be widened is that those very people are sitting in the establishment.
“FBR raided OUTFITTERS” What an ugly side of our government department that how to DAMAGE brand’s reputation nationwide.
True…indeed, hence No one can invest and business in Pakistan..
FBR should also raid high end restaurants like COCOCHAN . They charge tax from their customers but do not deposit it with FBR as their bills do not have FBR invoice number. I had protested it when they charged me Rs.2800 tax with no FBR invoice number, but they insisted me to pay. They are stealing away millionsof Rupees of government taxes
Just one of those tested and tried arm twinting tactics to extort money from business houses nothing else once they got what they wanted everything would fall in order
What brand reputation? If ppl gv their taxes on time thn no one will bother to raid thm. Hamari kitni percent public tax daiti hai?
Absolutely right 😌
Bilkul
Or jitny log tax dety haen unka knsa prpr use hota hae. The fact is govt has lost public trust
kisi FBR waly ko protocol nhin dia hoga. cheap, corrupt bureacrates
Even if you are compliant they tease you and ask for unnecessary details and irrelevant documents for 1 year audit they can ask you for 15 years records they can ask you to provide all records in hard copies of all records linger on with things play with your temperament bring new requirement unless you ask them for an under the table settlement
Raid required on local foods shops like Nihari houses, BBQ shops. Ice cream and fruit juices shops, Big pan houses who earns hundreds thousands in a month without paying or minimum paying incom tax, also paints,hardware, sainetry fittings and IT accessories shops are not paying any incomtax.
They should have complied and provide the documents. The brand established years ago and have ample experience to comply to tax rules and audit. I bet they were evading tax.
I am waiting when the angels of FBR will rain ARY Jewellers? they are the most evil in tax payment. They even do not provide the correct and valid bill to the customers and save billions in tax. I gurantee you FBR will never raid ARY