Aaj English TV

Monday, December 30, 2024  
28 Jumada Al-Akhirah 1446  

Aurangzeb orders FBR to crack down on fraudulent sales tax and fake invoices

He discussed various tax-related initiatives
The image shows Pakistan Finance Minister Muhammad Aurangzeb. Photo via Business Recorder
The image shows Pakistan Finance Minister Muhammad Aurangzeb. Photo via Business Recorder

Pakistan Finance Minister Muhammad Aurangzeb has taken a decisive step to combat sales tax fraud and the issuance of fake invoices, directing the Federal Board of Revenue (FBR) to intensify its efforts to detect and prosecute such cases, according to Business Recorder.

Aurangzeb visited FBR Headquarters and met with Chairman FBR Malik Amjed Zubair Tiwana and other members of the board.

He discussed various tax-related initiatives and addressed the issue of tax fraud.

The discussions also encompassed the Tajir Dost Scheme, which aims to bring small traders into the tax net and expand the tax base.

Minister Aurangzeb emphasized the need for an effective mechanism to identify instances of tax fraud and fake invoices.

Read more

PM Shehbaz warns FBR of outsourcing system if tax collection target not met

FBR imposes sales tax on locally manufactured cars

FBR orders educational institutes, retailers, other small businesses to install POS by July 1

He urged the FBR to devise strategies to uncover such cases and ensure the recovery of evaded sales tax obtained through fraudulent means.

The meeting also covered topics such as revenue collection efforts and the digitalization of the FBR.

The government remains committed to implementing measures that enhance transparency, reduce fraudulent activities, and bolster revenue generation.

For the latest news, follow us on Twitter @Aaj_Urdu. We are also on Facebook, Instagram and YouTube.

Pakistan

FBR

Muhammad Aurangzeb

fraudulent sales taxes