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ISLAMABAD: The officers at the regional branch of the Federal Board of Revenue (FBR) in the federal capital are involved in a massive tax scam causing immense losses to the national exchequer.
Employees of several large hotels and restaurants in Sector F-6 and F-7 have revealed on the strict condition of anonymity that two separate cash registers are being maintained by their owners to show varied incomes to the tax regulator.
The hotel manager is well aware that two computerised records are being maintained – one to show the sales receipt for the FBR and ensure they do not fall in the tax net and another showing the actual sales. This is done with assistance from and the connivance of the tax consultant and FBR inspector.
The FBR inspector records lower tax collection and submits bogus tax documents causing hefty losses in sales tax revenue to the national exchequer. The actual sale of several hotels and restaurants is several times higher than reported to the FBR.
This shows a loophole in tax collection which can be easily detected by tax authorities. Businessman, hoteliers and restauranteurs are concealing their income and causing hefty losses to the national exchequer.
