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481 non-duty paid auctioned vehicles missing: FBR
Report says MVRA did not have the record of the missing vehicles
PHOTO: REUTERS/file
ISLAMABAD:
The Federal Board of Revenue (FBR) has reported that of the 819 over 2,000cc non-duty paid and smuggled luxury vehicles auctioned in the last five years, 481 have been missing.
According to a report prepared by the FBR, the Motor Vehicle Registration Authority (MVRA) did not have a record of the missing luxury vehicles.
The Directorate of Customs Intelligence, Quetta auctioned the highest number of luxury vehicles.
Of the 819 vehicles auctioned in the last five years, only 338 luxury vehicles have been registered with the MVRA.
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Daily Times
June 5, 2021
Federal Tax Ombudsman (FTO) Mushtaq Ahmad Sukhera on Friday said minimizing human involvement in the tax system through automation will reduce complaints by the taxpayers which is necessary for rapid economic development.
Taxes play a key role in making growth sustainable and equitable, especially in the context of the pandemic as more resources are needed to provide relief to the masses, he said.
FTO said that and efforts are underway to resolve complaints, fight tax evasion, discourage under-invoicing as well as over-invoicing, deter misdeclaration and check misuse of various import and export schemes, he said.
Talking to a delegation of Islamabad Industrial Association (IIA) led by its President Tariq Sadiq, Mushtaq Ahmad Sukhera said that many underdeveloped countries are still struggling to collect sufficient revenues to finance their development as a minimum of 15 percent of GDP in taxes is a must to meet the basic needs of the citizens and busines