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Tag Archives: Tax defaulters

31 tax defaulters owes Rs1,500 crore to government: Income tax dept

NEW DELHI: Moving ahead with its strategy of ‘naming and shaming’ large tax defaulters, the Income Tax department came out with a list of 31 defaulters who owe over Rs 1,500 crore to the government. Some of the big defaulters of income tax/corporate tax in the list are: Hyderabad-based Totem Infrastructure (401.64 crore), Pune-based Patheja Bros Forging & Auto Parts ... Read More »

Greece to investigate 80,000 wealthy tax defaulters

ATHENS: The newly appointed anti corruption chief decided to investigate the wealthy tax defaulters in Greece, it believes ththatat these wealthy people may have at least €200,000 each in foreign banks. Panagiotis Nikoloudis, vowing to crack down on widespread tax evasion, has widened his hunt for the so-called “tax cheats”. In an interview, he said  that the original list of ... Read More »

FBR ready to take stern action against tax defaulters

KARACHI: The Federal Board of Revenue (FBR) has completed preparations to act against tax defaulters. It has been suggested to double withholding tax on utility bills of tax defaulters and non-registered businesses. Another suggestion was to increase tax from 0.3 percent to 0.5 percent. Tax defaulters will have to pay 2 percent special excise duty on real estate, 17 percent ... Read More »

Tax defaulters to be put on ECL

KARACHI: Names of the tax defaulters will be added to the Exit Control List (ECL) by the first week of December, a source at the Federal Board of Revenue (FBR) told Customs Today. The names will be finalised by the first week of the next month. Rs 160 billion is likely to be recovered from those whose names will be ... Read More »

Tax defaulters: FBR to net 191, 798 evaders

LAHORE: The documents of Federal Board of Revenue reveal that total number of tax defaulters in the country stands at 191, 798, who are evading Rs286,213 million. It was stated in the documents that 181,290 defaulters have been evading Rs111,487 million income tax, 10,312 taxpayers evading sales tax worth Rs13,252 million while 196 have to pay Rs43,575 million as federal ... Read More »