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FBR serves 1.4m notices on violators
These include individuals and firms that did not submit annual statements
The FBR said that those who are not complying would be pursued diligently until compliance is achieved. PHOTO: FILE
ISLAMABAD:
The Federal Board of Revenue (FBR) has served 1.4 million tax notices to individuals and companies that either did not submit annual statement of income and expenditures or undertook business transactions without paying due taxes.
It is one of the largest enforcement exercises by the tax machinery in years that is struggling to improve its image, efficacy and stagnant revenues.
The tax notices have been served in three categories, non-filers of annual income tax returns, those who filed returns and concealed incomes and property seller and purchasers, a senior FBR official told The Express Tribune on Saturday. It has also issued tax notices to nearly 63,000 companies.