The Federal Board of Revenue (FBR) sealed head office of Jazz a telecommunication company, in Islamabad. For non-payment of taxes amounted over Rs 25 billion.
FBR issued an order against Jazz, of Income Tax involved amounted to Rs 25,393,653,480.
Ahmad Shakeel Babar Deputy Commissioner Inland Revenue exercised the power under Section 138 of the Income Tax Ordinance, 2001 read with section 48 of the sales tax act 1990.
“We have received a notice from FBR this afternoon. Jazz has made tax submissions based on legal interpretations of the tax owed. We will review and take measures under our legal obligations and will collaborate with all institutions for an early resolution of this issue.”, Jazz spokesperson explained.