Rs 47 bn alleged tax evasion case | Pakistan Press Foundation (PPF)

Pakistan Press Foundation

Rs 47 bn alleged tax evasion case

By: Asim Yasin

ISLAMABAD: The National Accountability Bureau (NAB) has started the evaluation of responses of five telecom companies that were submitted to its investigation team regarding alleged Rs47 billion tax evasion.

The NAB had asked the five telecom companies two weeks ago to submit their replies. The deadline for submitting replies was extended and the companies submitted their replies after Eid.

According to sources, one of the companies had submitted its reply two days ago and after receiving it, the NAB started evaluation process. “The NAB investigation team will present the findings to its chairman next week,” a senior NAB official said.

The NAB investigating team, a few days ago, had summoned top officials of the Federal Bureau of Revenue (FBR) to record their statements. The FBR officials include member inland revenue, chief sales tax, chief commissioner tax and member administrative.

The sources said the NAB, after the evaluation of responses, would determine whether the companies were guilty of tax evasion. If found involved, “then the companies will be offered the option of Voluntarily Return (VR) under Section of 25 (A) of the National Accountability Ordinance 1999.” The NAB officials said in case of failure the option of VR would no more be available and the telecom companies would have to opt for the plea bargain under Section 25(b) of NAO with all punitive measures under the ordinance.

The News