75,871 tax returns selected for audit through random ballots

 

ISLAMABAD – In line with the audit policy for tax year 2015, random computer ballots were held here on Monday to select cases for audit for Tax Year 2014 and Tax Period from July 1, 2013 to June 30, 2014, in respect of Income Tax, Sales Tax and FED.

The balloting was held here at FBR House. Federal Minister for Finance Senator Muhammad Ishaq Dar chaired the ceremony. Special Assistant to Prime Minister on Revenues Haroon Akhtar was also present. In his address on the occasion, the finance minister highlighted the economic and tax policies of the government.

He said that promotion of tax culture in letter and spirit was necessary to ensure overall economic development in Pakistan. He said that the government would facilitate tax payers in every possible manner and the FBR was taking steps to this end. He said “we would always prefer moral suasion to all other ways and means for encouraging people to contribute to the national exchequer.”

The minister said that despite all odds, within last two years, the FBR had achieved 33% growth in revenue collection as from over Rs 1900 billion in 2013, it had reached Rs 2590 billion by the end 2014-15. He praised the FBR chairman and officials and called upon them to make all out efforts to achieve the revenue target set for FY 2015-16. Later on random computer balloting was conducted in respect of six categories ie corporate cases of Income Tax, Sales Tax and FED and Non-corporate case of Income Tax, Sales Tax and FED.

The finance minister initiated the balloting process by pressing the computer button. Representatives of Chambers of Commerce and Industry and Tax Bars also participated in the balloting process. Around 75,871 persons have been selected for audit in respect of six categories. National Tax Numbers of cases selected for audit were displayed on FBR’s website.

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