According to different news sources, National Accountability Bureau, also known as NAB, is planning to put the name of Haider Mumtaz Rizvi, former chairman of Federal Board of Revenue, on Exit Control List while there is an investigation in process for a tax evasion case of Rs 47 Billion.
According to the official order issued by NAB, the names of former FBR chairman Mumtaz Haider Rizvi, Inland Revenue Member Shahid Hussain Asad, and Chief of Sales Tax/Federal Excise Duty Abdul Sattar Aora, have been forwarded to the Ministry of Interior to be put on the ECL.
The tax evasion case of Rs 47 billion includes a principal amount of Rs 26 billion owed by five cellular service providers since 2007. Tax auditors at FBR had pointed out the discrepancy in 2010.
The cellular companies in question had approached the office of the Commissioner Inland Revenue on the matter, which had directed them to pay the tax. Following this, they went to the Appellate Tribunal Inland Revenue. The tribunal upheld the CIR’s decision and again directed the cellular service providers to deposit the tax.
Cellular Companies Determined Not to pay This Tax
While former chief and other senior officials are under investigation – Cellular companies, however, had remained adamant not to pay the amount, quoted a local newspaper.
They told the chief commissioner of the Large Tax Unit they were ready to pay interconnect charges applicable from July this year, provided the FBR waives off past liabilities worth Rs47 billion.
- Rs. 4,700 Crore in Tax Evasion – NAB Summons Cellular Companies
- Tax Evasion Case: PTA Directed to Ban Tax Evading Telecom Companies from 3G Auction
- Surprising: Top Bosses Changed at FBR
- Atlas Honda Planning to Rock Motorcycle market by investing a Massive Rs 475 Crore
- Chairman FBR Haider Rizvi Presented Awards to ACCA members