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.