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Saturday May 04, 2024

Check-posts established to prevent tax evasion

By Mehtab Haider
August 11, 2021

ISLAMABAD: In a bid to prevent the movement of tax-reduced products to taxable territories of the country, Federal Board of Revenue (FBR) has established check-posts at exit points of FATA/PATA.

According to a circular issued by the FBR on Tuesday, the Inland Revenue Enforcement Network (IREN) check-posts are being established and functionalized to ensure that due tax is paid at the rate of 16 percent on goods supplied into taxable territories.

Besides, a tax office in Malakand Division shall be established for prompt release of consignments, processing of consumption and exemption certificates and effective and timely implementation of law.