ISLAMABAD: Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial has categorically announced that action will be taken against those who do not submit tax returns.
Finance Minister Muhammad Aurangzeb, Minister of State Ali Pervez Malik and Chairman FBR Rashid Mahmood Langrial held a press conference in Islamabad.
While addressing a press conference in Islamabad, Chairman FBR Rashid Mahmood Langrial said that we have given notices to 190,000 people and 38,000 people have submitted 37.7 million tax returns.
He said action will be taken against those who did not submit the return and did not pay the tax.
Chairman FBR said that Pakistan’s tax gap is Rs. 7100 billion and income tax gap is Rs. 2400 billion. He said FBR is digitizing the invoicing process and the focus is on the top 5 percent people.
He said FBR is directly looking at the sugar mills and several mills caught on flying invoices in Punjab.
