tax evasion Archives - Pkrevenue.com

Illegal Economy Costs Pakistan $100 Billion Every Year: Report

March 13, 2025March 13, 2025Mrs. Anjum Shahnawaz

Islamabad – Pakistan is facing an alarming economic challenge, losing approximately $100 billion annually due to illegal economic activities such as tax evasion, smuggling, and counterfeiting, according to a newly launched study.

Pakistan Can Curb Rs 1 Trillion Tax Leakages via Policy Enforcement

March 30, 2024March 30, 2024Faisal Shahnawaz

Karachi, March 29, 2024: In a bid to enhance the tax-to-GDP ratio and mitigate budget deficits, advocacy firm Mustehkam Pakistan highlights the urgency for Pakistan to address tax evasion and illicit trade, estimating losses exceeding Rs 1 trillion across key sectors.

FBR Intelligence Uncovers Massive Sales Tax Evasion by Battery Manufacturers

June 24, 2023June 24, 2023Shahnawaz Akhter

Karachi, June 24, 2023: The intelligence and investigation office of the Federal Board of Revenue (FBR) has uncovered a significant case of sales tax evasion by battery manufacturers.

IR Intelligence Launches Extensive Crackdown Against Fashion Designers for Tax Evasion

June 23, 2023June 23, 2023Shahnawaz Akhter

Karachi, June 23, 2023 – The Directorate of Intelligence and Investigation (Inland Revenue) – I&I IR, Karachi has intensified its efforts to combat the issuance of fake and flying sales tax invoices by the fashion designers.

IR Intelligence Uncovers Massive Sales Tax Evasion by Esteemed Company

June 22, 2023June 22, 2023Mrs. Anjum Shahnawaz

Lahore, June 22, 2023: The Directorate of Intelligence & Investigation (Inland Revenue) Lahore has unearthed a staggering case of sales tax evasion worth billions of rupees by a highly regarded company.

Massive Tax Evasion Unveiled: Rs956 Billion Lost in Five Key Sectors of Pakistan

June 7, 2023June 7, 2023Mrs. Anjum Shahnawaz

Islamabad, June 7, 2023: An international research body, Ipsos, has uncovered a staggering amount of Rs956 billion annual in tax evasion within five key sectors of Pakistan. The report shed light on tax evasion occurring in the real estate, tea, cigarette, tires and oil lubricants, and pharmaceutical industries.

Tax evaders may be arrested without warrant

July 25, 2021January 15, 2024Mrs. Anjum Shahnawaz

KARACHI: The tax authorities have powers to arrest tax evaders without warrants for concealment of income or assets.

FBR authorizes IR Intelligence to access business premises

April 25, 2021April 27, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) has authorized Directorate General of Intelligence and Investigation (I&I) to access business premises for detecting tax evasion and revenue leakages. The FBR through a notification authorized the DG I&I IR to carry out intelligence activities, access and verification of business premises, access to record/documents or system maintained therein, intelligence […]

FBR issues rules for rewarding informers, officials on recovery of tax evaded money

January 23, 2021January 23, 2021Mrs. Anjum Shahnawaz

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued rules to reward tax officials and informers on detection and recovery of evaded amount. The FBR issued SRO 78(I)/2021 and said that officers and staff deputed to exercise powers, enforce and/or perform functions and duties in designated entities under the specified statutes and informers or whistleblowers. […]

Tax authorities capture huge cash transactions of dress designers; start assessment

February 20, 2020February 22, 2021Mrs. Anjum Shahnawaz

KARACHI: Tax authorities have captured millions of rupees cash transactions by many dress designers. The authorities are now making assessment on the basis of such transactions for imposing income tax for past five years, sources said on Wednesday. The sources said that the tax authorities had captured the cash transactions while disguising themselves as customers […]

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