Forty percent (40%) of the taxpayers registered with the Sales Tax Directorate do not submit their sales tax forms. They cheat the government revenue and honest taxpayers by engaging in the activities of fraud.
40% Non filers of sales tax forms
Dr. Waqar Masood, Special Assistant to the Prime Minister for Revenue, said that the issue of flying invoices has become a difficult task for the (FBR). According to him, 250,000 people registered with the sales tax directorate out of which 105,000 (40%) do not submit their sales tax forms.
It should be noted that the government has also withdrawn the zero rates sales tax from five export-oriented sectors from July 1, 2019 and now all the industrial sectors are subject to 17% sales tax. This high tax rate has forced traders to deceive the treasury and honest taxpayers by involving the curse of flying receipts. The FBR has recently uncovered such groups of tax evaders and the Directorate General of Intelligence and Investigation (Inland Revenue) has initiated criminal proceedings against those responsible.
Matter of fake & flying invoices
Bogus companies, which exist only on papers, issue fake invoices. Then they claim refund from the sales tax department of FBR on raw material which never actually purchased. Further, flying invoices are used by registered taxpayers to claim sales tax refunds from the FBR by showing excessive use of raw materials.
LATEST POSTS
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- Active Tax Payer List 15 April 2024Active Tax Payer List 15 April 2024 Active Tax Payer List 15 April 2024. Following is the active tax payer list issued by the Federal Board of Revenue (FBR) on 15th April 2024. This list contains the taxpayers details who have submitted their annual income tax returns for tax year 2023 up to 14th April 2024. How to check Active Tax payer List? You can verify your active taxpayer status by sending an SMS to the Federal Board of Revenue (FBR) at 9966 with the message ‘ATL CNIC #’ or by visiting the FBR website. The Active Taxpayer List (ATL) is updated every Monday on the FBR website and is published every financial year on March 1st. Download Updated ATL List According to updated ATL list issued by FBR on 15 April 2024, up to now total 3.930 Million taxpayers have submitted their tax returns for tax year 2023. If you want to download the updated ALT List then you can follow the FBR website here and press the tab ‘Active Taxpayer List – Download File‘. Moreover, if you want to check the active tax payer status at some specific date then you can follow the FBR website here and click the tab, ‘Active Taxpayer List (Income Tax)‘.
- Latest Update on Extension of Date for Filing of Income Tax ReturnsLatest Update on Extension of Date for Filing of Income Tax Returns Latest Update on Extension of Date for Filing of Income Tax Returns. Premier tax authority in Pakistan the Federal Board of Revenue (FBR) has informed that over 2.9 million income tax returns have been submitted for the tax year 2023 till October 31, 2023. Moreover, the FBR has not further extended the last date for filing of income tax returns beyond October 31, 2023. Total returns filed up to 31st Oct,2023 for tax year 2023 were 2.9 Million approximately as against 2.57 Million filed during the similar period of previous year showing an increase of 330,000. In previous year, the FBR had received over 2.5 million returns till October 2022. This year the FBR had received a total of 1.93 million income tax returns up to September 30, 2023, as compared to 1.87 million the last year, reflecting an increase of 0.06 million.
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