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FBR expedites action against manufacturers, importers

FBR expedites action against manufacturers, importers

ISLAMABAD: FBR has accelerated action against manufacturers, commercial importers, distributors, dealers and wholesalers, who did not deduct advance income tax on sales/supplies under budgetary measures of sections 236-G and 236-H of the Income Tax Ordinance, 2001.

FBR has issued a letter to the Chief Commissioners of the Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs) in this regard to recover the unpaid amount.

The FBR had ordered Chief Commissioners of the LTUs and RTOs for immediate recovery from manufacturers, commercial importers, distributors, dealers and wholesalers.

According to the FBR’s instructions to the field formations, through Finance Act, 2013 new advance tax measures were adopted for enhancing the collection. In this connection Section 236-G and H required to be monitored quite effectively as there was great potential yet to be explored. The total national collection of advance tax u/s 236-G and H up to the month of February, 2014 is negligible which is quite low against the target set by FBR.