Senate committee terms FBR’s audit policy as disaster for tax system
KARACHI: The Audit Policy 2016 issued by Federal Board of Revenue (FBR) has been termed as disaster for tax system of the country.
Saleem Mandviwala, Chairman, Senate Standing Committee on Finance in a statement on Saturday lambasted the audit policy and expressed reservation on it under which over 93,000 taxpayers have been selected for audit.
He said that the so called audit policy will prove a tool to harass the honest tax payers of the country, due to this audit policy more people will go out from the tax net.
Mandviwalla said that it is unfortunate that out of 0.9 million tax payers 0.1 million would be audited. FBR is busy in threatening and harassing the tax payers by different ways and means. It is making raid on the offices of the tax payers and issuing notices on every day. It is totally un-understandable for what purpose it is doing such actions against the tax payers.
He said that FBR is completely failed to increase the tax net of the country. “FBR wants that people should not made part of the tax net and its actions proving all this,” he added.
Mandviwalla said that FBR has done nothing on the data of high net wealth individuals- rather it has put this in the dustbin. PPP has given that data of more than 0.7 million high net worth individuals by the record of NADRA. These peoples are enjoying every facility in the country, they are living in luxury villas, travelling abroad every month, their children are studying abroad and they have a bank balance of billions but they are out of the tax net. “FBR never questioned them that why they are not paying taxes. FBR is only milking the honest tax payers of the country through such audit policies,” the chairman said.
Senator Mandviwalla said that FBR should revisit its audit policy to provide relief to the taxpayers who are already in the tax net.