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President tells off FBR for refunds on fake invoices
Business
January 30, 2021
ISLAMABAD: President of Pakistan Arif Alvi came hard on the Federal Board of Revenue (FBR) on Friday, reprimanding the apex tax authority for releasing funds on fake and bogus invoices.
President Alvi rejected a representation filed by the FBR against the order of Federal Tax Ombudsman (FTO) in a case of bogus tax refunds worth over Rs14 million made to a fake registered person (RP).
The president directed the FBR to recover the amount paid on the basis of fake/flying invoices, while upholding the decision of Federal Tax Ombudsman (FTO) following its suo-moto action against the irregularities committed by the FBR field formations in registering, processing, sanctioning, and issuing sales tax refunds to fake RPs during the period 2012/13.