F.P. Report
ISLAMABAD: Federal Board of Revenue (FBR) chairman Shabbar Zaidi has placed restrictions on raids on premises of taxpayers.
According to an FBR notification, prior approval of Member (IR-Operations) and the chairman will be required to conduct the raid.
“If there are evidences of economic transaction(s) which are chargeable to tax and the organisation/entity is not a tax registered person then the officer will report it to the Member (IR-Operations) and Chairman FBR, who will provide necessary direction for future course of action,” said the notification.
The notification also prohibited the suspension from active taxpayers list unless there is personal interaction with CEO/owner of the business 24 hours before the suspension.
The list of all such cases will be sent to Chairman FBR and Member (IR-Operations) with reasons for the suspension and evidence of personal interaction.
Speaking to media, Zaidi said no date had yet been finalised for the budget, adding, “We will only do what would be better for Pakistan”.
FBR chairman added that the FBR s expertise would be utilised in the widening of the tax net.
