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Philip Morris Pakistan : Transmission of Annual Report for the year ended December 31 2023 Revised REVISED

FBR awaits order for Rs1 6bln recovery from tobacco company

Business April 1, 2021 KARACHI: The Federal Board of Revenue (FBR) is waiting for a judgment of the appellate tribunal for the tax recovery of around Rs1.6 billion from a tobacco company, sources in the Large Taxpayers Office Karachi said on Wednesday. For the last two years, a case of alleged evasion of sales tax and federal excise duty amounting Rs2 billion has been lying pending at the tribunal against Philip Morris (Pakistan) Limited. The sources said the tax office recovered sales tax amount around Rs400 million out of Rs2 billion. The sources said there was no progress in the case as the tribunal had summoned the officer who drafted the recovery notice against the company. “The officer who drafted the order has been transferred to another department on deputation,” a LTO Karachi officer said on condition of anonymity.

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