FBR to reward for identifying fake, flying invoices

 ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday announced that it would issue a reward for those who point out objections involving tax evasion using false and airline invoices.


A statement from the finance agency said it had urged people to come forward and disclose the identity of the people involved in tax evasion through false and airline invoices.


"FBR will reward those who whistle under its Reward Rules," he said.


The caller's name will be kept private.


Details may be provided to the Director of Intelligence and Inland Revenue at office number 0519260167 and fax number 0519260156.


The FBR announced that drastic measures were taken against the kidnappers involved in the fraudulent and flying business.


In this regard the FBR chairman provided guidance to all FBR camp offices to expedite tax-free operations and play a significant role in stopping the threat of false and air invoices.


At the same time, using indications, the Karachi Field Office of the FBR took steps to combat the fraudulent business case that was involved in shifting duties and taxes in the import phase within SRO 1125.


The designated unit also issued non-flying invoices to the market because buyers demanded adjustment of deposits and refunds.


The targeted unit committed tax fraud and caused significant losses of Rs. 210 million in pubic exchequer. The main suspect is accused of arresting Mubarak Khan.


Similarly, another case of tax evasion of Rs. 105 million received. Tax evasion is done by issuing false and airline invoices.


FBR Multan's office confiscated counterfeit and unpaid cigarettes. In another case, the FBR Karachi office received a complaint of Rs. 1 billion dollars. The investigation is ongoing.


Source: https://pkrevenue.com/fbr-to-reward-for-identifying-fake-flying-invoices/


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