The Federal Board of Revenue has frozen the bank accounts of China Mobile Pakistan Limited (Zong), accusing the company of “income tax default” totaling Rs4.1 billion.
Sources said that the enforcement team of Large Taxpayers’ Office Islamabad took action against China Mobile Pakistan Limited (Zong) on Thursday and attached its bank accounts across the country.
FBR sources say the amount was against advance tax liability for the first quarter of the current tax year under the income tax law.
FBR routinely takes such action against telecom companies in most cases the action is stayed by the courts and is rarely upheld.
More recently the tax authorities moved against Telenor Pakistan under very similar allegations.
Sources further revealed that such recovery actions are expected to be initiated against other telecom companies soon.
The scribe approached the officials of Zong for comments on this matter but no reply was received till the filing of the story.
What an absolute disgraceful way of work by FBR. Telecoms are one of the largest tax payers and foreign direct investors in this country. How could someone in FBR overlook that billions of Tax money remains unpaid over a long period? Anyone held responsible there? Eventually they try to collect by force and dirty means.
FBR has failed to increase the tax net to the required levels, and for their failure they are now torturing the large tax payers who are already in the tax net.
Noboby performs his duty in Pak, FBR too.
What were they doing when billions of taxes dumped against large tax payers?
FBR needs cleaning.
Judges will give extensions to tax defaulters as they do (judges get salaries of giving stay orders LOL).
Who will suffer?
Judges?
Poor Pakees?
ZONG?
Elite Pakees?
Imran Khan’s “tabdeeli” sarkar improving these decades old faults, we are removing him. Lol
Shameful part played by the FBR
Shameful part played by the FBR
Best step by FBR, keep it fbr inspector