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FBR Has Authority To Arrest Tax Evanders

Finance Minister Shaukat Tarin on Wednesday reiterated that power to arrest people on concealment of income would be retained, as the governmentu2019s coalition partners decried the heavy taxation on daily consumable and food products that might stoke double-digit inflation.<br><br>

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FBR Has Authority To Arrest Tax Evanders

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  1. FBR Has Authority To Arrest Tax Evanders 24 News HD

  2. 24 News HD • Speaking during the meeting of the Senate Standing Committee on Finance, the new economic czar announced that the powers to arrest people would be taken back from a grade-19 assistant commissioner but would rest with a committee comprising him, the special assistant to PM on revenue and the Federal Board of Revenue (FBR) chairman. • 24 News HD gives Latest Pakistan News about FBR to take arrest those people who don't give tax.

  3. 24 News HD • “The text of the Clause 203A does not reflect my intentions and I have asked the law minister to rewrite it,” Tarin said while responding to criticism over allowing FBR assistant commissioner to arrest people on the suspicion of concealment of income.

  4. 24 News HD • The FBR itself cannot do anything against the taxpayer and instead, a third party will deal with the issue,” he added. • “A committee comprising the finance minister, the special assistant to PM on revenue and the FBR chairman will make the decision on arresting people on the charges of tax evasion.”

  5. 24 News HD • The minister further said the government wanted to use the powers to arrest only for deterrence and did not intend to arrest more than 20 to 25 people. • “The flurry of tax notices by the FBR has also been stopped.” • Tarin offered the standing committee to propose changes in the clause but he repeatedly stressed the need to retain these powers.

  6. 24 News HD • There is a lack of tax culture in Pakistan and the country’s elites even do not want to file their annual income tax returns. • The government has proposed exempting all political parties from income tax while also allowing them not to file their annual income tax returns. • “I will look into this matter, as I do not know about this clause,” Tarin said after the meeting when he was asked about the issue.

  7. 24 News HD • Tarin replied that he has already asked the FBR to withdraw the proposed legal changes. • Later, Senator Subzwari raised the question as to whether or not finance minister would have enough time to decide about matters such as arrests. • PPP’s Senator Sherry Rehman said the committee members were of the view that Clause 203A should be deleted from the Finance Bill.

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