The Federal Board of Revenue (FBR) on Tuesday served notices to 6,324 private schools and tuition centres in Karachi for failing to pay their due taxes despite having “booming businesses”.
According to details, the Karachi Regional Tax Officer (RTO-II), during a survey conducted by the Broadening of Tax Base (BTB) Zone, said that a large number of private schools, A-Level, O-Level tuition centres, pre-nursery training schools and other academies own booming businesses in the city; however, none were registered with the FBR and continue to evade taxes.
“These tuition centres, academies and schools are not filing their income tax returns and statements under the Income Tax Ordinance, 2001, and are not deducting tax on salaries being given to the teachers and staff. They are also not deducting tax on supplies under section 153 of the Income Tax Ordinance 2001. Thus, they are incurring a huge loss to the national exchequer,” said the RTO as quoted by a local news outlet.
Thanks Pakistan Today for this important segment being highlighted and should be notified to the Competition Authority of Pakistan CCP. The institution fee are very, very. The property being owned/rented by the school should be verified, with the non academic staff, as guards, clerks, drivers, ayas, peons, are in the bracket of filing tax returns. They should be brought to the book, with the stationery, uniforms, books, tablets, tablets, computer hardware, printers, multi media projectors, school maintenance, color, tiles, HVAC, multi media projectors, ISP charges, meals, snacks served/sold, etc., There’s a gold mine for the FBR in the educational system, from school van owners, to conductor, from uniform, books, books, stationery, all should be probed. The Competition has to ascertain the meat and how they could be operated on level playing fields.
These mummy daddy schools have destroyed the government schools for their own interest and to promote their schools but had full support of the government thus the government run schools are now paralyzed and the mummy daddy are minting billions.
But actually they are a looting and a minting factories in the name of education and have full support of the governments and the concerned authorities and need immediate accountability.
These mummy daddy schools have destroyed the government schools for their own interest and to promote their schools but had full support of the government thus the government run schools are now paralyzed and the mummy daddy are minting billions.