The Federal Income Board (FBR) has launched an operation at the national level against jewelers that operate outside the fiscal network or pay taxes below its real capacity.
FBR officials said that notes to jewelry in Islamabad, Rawalpindi, Faisalabad and fine. Of 57,000 jewels throughout the country, only 20,000 are registered, and of these, only 10,000 have submitted their tax statements, said Express News
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Only in Islamabad, there are 50 jewelry whose tax statements do not align with the size of their stores, commercial transactions or standard of living.
Thousands of other jewelers remain outside the fiscal network, and notices are being issued to seek explanations from them.
FBR officials clarified that no merchant or industrial would be white without reason, but strict measures against confirmed tax evaders would be taken.
“If each citizen pays their due taxes honestly, the country’s economy can function more efficiently,” FBB officials said. The authority aims to include all sectors in the fiscal network to guarantee a complete elimination of tax evasion.
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Repression occurs as part of the continuous efforts of the FBR to expand the tax base, the evasion of the sidewalk and strengthen fiscal compliance in all business sectors.
