business

November 15, 2018

FBR offers audit closure on penalty payment

ISLAMABAD: Government on Wednesday decided to wind up audit cases of a little over one million taxpayers if they are willing to pay certain penalties.The Federal Board of Revenue announced the automatic closure of audit if they pay penalty of up to Rs20,000 or higher tax than the previously filed returns for the last three tax years. The selected taxpayers could avail the offer up to December 31.Nausheen Javaid Amjad, member taxpayers’ audit of the FBR said all the taxpayers who were...