FBR not to select salary persons, commercial importers for audit on full payment of tax

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KARACHI: Federal Board of Revenue (FBR) and Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have agreed on selection of audit related to cases of salary and commercial importers.
“No audit will be conducted where their payment is full and final e.g. commercial importers, salaried persons, indentors, rental income,” according to statement issued by the FPCCI on Monday after a meeting with Commissioner of Large Taxpayers Unit (LTU) Karachi.
However, it is also agreed that where there is some clarification required only one point clarification will be sort if at all required.
It is agreed that Alternate Dispute Resolution Committees (ADRC) have been formed with immediate effect. It is further agreed that taxpayers who opted for their decisions through ADRC then their recover proceedings would be stopped immediately on filing for decision in ADRC.
FPCCI statement also mentioned that it was under consideration that where anyone is in audit and files revised return with additional 25-30 percent tax than audit would be withdrawn immediately on filing of revised return.

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