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National
December 18, 2020
PESHAWAR: Federal Board of Revenue has announced legal action against those who have not submitted annual tax returns in the stipulated time frame. Formal notices were issued to non tax return filers in Khyber Pakhtunkhwa and late tax return filers will have to pay a penalty on a daily basis.
However, a record Rs1,520 million refunds have been issued to taxpayers for the first time in the province.
This was stated by Chief Commissioner Regional Tax Office (FBR), Peshawar, Sardar Ali Khawaja while exclusively talking to Jang. He said that despite the outbreak of Covid-19 and other unfavorable economic factors, the Regional Tax Office (RTO) Peshawar collected a total of Rs22,867 million in revenue from July to November this year in the form of income tax, sales tax and federal excise duty. This is 13% higher as compared to this period in the last financial year.