Telecom Sector Evading Billions of Rupees Tax

Telecom Sector Evading Billions of Rupees Tax.A scam of billions of rupee avoiding payment of withholding tax being by the Telecom sector unearthed when on Friday Senate Standing Committee on Finance was informed that only one telecom company was found involved in evasion of withholding tax of rupees 267 million in just three months in FATA alone.

The Standing Committee which met here at the Parliament House under the Chairmanship of Senator Saleem Mandviwala was informed by the officials of the FBR that mobile service mproviser Telenor was found in evasion of withholding tax of rupees 267 million in FATA and PATA areas only in three months.

The Committee was informed that withholding tax is being collected from the consumers but it was not being deposited with the FBR. The committee was informed that the FBR has started receiving data from the telecom sector companies and when it was checked, the tax evasion was traced. As the Telenor was the first company to submit it’s data to the FBR therefore it’s audit was done on priority that found the tax evasion. The committee directed the FBR to complete the audit of all the telecom sector companies within six month and report to the Senate Committee about the findings.

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The committee was also informed that cases amounting to rupees 89 billion relating to salea taxes are pending in the courts . The committee was informed that 100 percent penalty will be imposed if any mobile telephone service provider company will be found in withholding tax and Telenor has been issued such notices in this regard for evasion of withholding tax of rupees 267 million.The Committee was also informed that data from the telecom sector companies is being secured on daily basis now to check the payment of taxes.The meeting was attended by Senator Mohsin Khan Leghari, Senator Naseem Jalil, Senator Kalia Ali Agha, Senator Barrister Murtaza Wahab and Senator Mohsin Aziz.

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Telecom Sector Evading Billions of Rupees Tax
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Telecom Sector Evading Billions of Rupees Tax
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Telecom Sector Evading Billions of Rupees Tax.A scam of billions of rupee avoiding payment of withholding tax being by the Telecom sector
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