ISLAMABAD: Federal Board of Revenue (FBR) Chairman Javed Ghani has directed all the FBR field offices to expedite operations against tax evasion and play an active role to stop the menace of fake and flying invoices.
In this regard, the Karachi Field Office of FBR has taken action against a fake business unit that was involved in evading duties and taxes at the import stage under SRO 1125.
The said unit was also issuing fake and flying invoices in the market due to which the buyers were claiming input adjustment and refunds. The principal accused Mubarak Khan has been arrested.
In another case, the FBR Karachi office has received a complaint of Rs1 billion money laundering. The investigations are underway. Similarly, another case of tax evasion of Rs105 million has been unearthed. The tax evasion was taking place by the issuance of fake and flying invoices.
The body has appealed to the people to come forward and reveal the identity of the people who are involved in causing tax evasion by using fake and flying invoices. FBR will grant reward to such whistleblowers under its Reward Rules. The name of the whistleblowers will be kept secret.
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