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Top cricketers’ undeclared incomes revealed, FBR issues notices

Top cricketers’ undeclared incomes revealed, FBR issues notices

LAHORE: Misbahul Haq, the Pakistani cricket team’s skipper along with Muhammad Hafeez, Azhar Ali and Taufiq Umar have not been informing the tax officials fully in their tax returns. As a result FBR has taxed them heavily after revelation of their additional incomes.

FBR has imposed additional taxes after comparing the bank accounts and tax returns of the four cricketers. The revenue body came to know that they had not disclosed additional incomes in their income tax returns Tax Year 2010-11 and 2011-12 from sponsorship and other endorsements.

Details of the additional taxation reveals that Misbahul Haq has to pay for Rs 3.2 million for the two tax years; Muhammad Hafeez has to pay Rs 4.2 million as additional taxes for the two tax years; Azhar Ali has to pay Rs 1.5 million for the two tax years; while, Taufiq Umar has to pay additional taxes of Rs 1.2 million for Tax Year 2011-12 only.

FBR has sent notices to the cricketers to pay the additional taxes and if they don’t do it within the given time frame than they would be declared as defaulters and legal action would be taken against them, sources said.

Cricketers maintain that all their tax issues are looked into by Pakistan Cricket Board which deducts all due taxes on their incomes they earn through central contracts, match fees, bonuses, sponsorship and endorsement amounts.

FBR, however, maintains that the tax issues have arisen because of earnings by the players from other commercial sources and avenues apart from cricket.