FBR Has Authority to Arrest Tax Evanders - PowerPoint PPT Presentation

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FBR Has Authority to Arrest Tax Evanders

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Finance Minister Shaukat Tarin on Wednesday reiterated that power to arrest people on concealment of income would be retained, as the government’s coalition partners decried the heavy taxation on daily consumable and food products that might stoke double-digit inflation. – PowerPoint PPT presentation

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Title: FBR Has Authority to Arrest Tax Evanders


1
FBR Has Authority To Arrest Tax Evanders
  • 24 News HD

2
24 News HD
  • Speaking during the meeting of the Senate
    Standing Committee on Finance, the new economic
    czar announced that the powers to arrest people
    would be taken back from a grade-19 assistant
    commissioner but would rest with a committee
    comprising him, the special assistant to PM on
    revenue and the Federal Board of Revenue (FBR)
    chairman.
  • 24 News HD gives Latest Pakistan News about FBR
    to take arrest those people who don't give tax.

3
24 News HD
  • The text of the Clause 203A does not reflect my
    intentions and I have asked the law minister to
    rewrite it, Tarin said while responding to
    criticism over allowing FBR assistant
    commissioner to arrest people on the suspicion of
    concealment of income.

4
24 News HD
  • The FBR itself cannot do anything against the
    taxpayer and instead, a third party will deal
    with the issue, he added.
  • A committee comprising the finance minister, the
    special assistant to PM on revenue and the FBR
    chairman will make the decision on arresting
    people on the charges of tax evasion.

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24 News HD
  • The minister further said the government wanted
    to use the powers to arrest only for deterrence
    and did not intend to arrest more than 20 to 25
    people.
  • The flurry of tax notices by the FBR has also
    been stopped.
  • Tarin offered the standing committee to propose
    changes in the clause but he repeatedly stressed
    the need to retain these powers.

6
24 News HD
  • There is a lack of tax culture in Pakistan and
    the countrys elites even do not want to file
    their annual income tax returns.
  • The government has proposed exempting all
    political parties from income tax while also
    allowing them not to file their annual income tax
    returns.
  • I will look into this matter, as I do not know
    about this clause, Tarin said after the meeting
    when he was asked about the issue.

7
24 News HD
  • Tarin replied that he has already asked the FBR
    to withdraw the proposed legal changes.
  • Later, Senator Subzwari raised the question as to
    whether or not finance minister would have enough
    time to decide about matters such as arrests.
  • PPPs Senator Sherry Rehman said the committee
    members were of the view that Clause 203A should
    be deleted from the Finance Bill.
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